A lot has happened in the financial world over the last 60 days. The TARP program's passage chief among them. Through much arm twisting and Chicken Little behavior by Fed Chairman Ben Bernanke & Treasury Bossman Henry Paulson, a great swindle has occurred. And now even more of the taxpayers' money is gone to rescue Citigroup. This is the same Citgroup whose subprime arm CitiFinancial has not slowed down a bit in the past 18 months when most subprime lenders closed up shop. This is the same Citigroup that has long been a part of the Dow Jones Composites 30. This is the same Citigroup that attempted to buy troubled Wachovia and spin off bad assets to you-know-who and then tried to sue when they couldn't. And this is the same Citigroup whose stock price plummeted to nearly 2 bucks a share.
The picture linked here represents the new home of the New York Mets. Citigroup paid big bucks for naming rights. Remember the original name of MinuteMaid Park in Houston? That's right, Enron Field. Taking down that logo and replacing it with the word TAXPAYERS would seem to be the least they could do for that sizable chunk of bailout money afforded them over the weekend when hardly anyone was looking. In fact, wasn't it only last week that Mr. Paulson said he would not use any more of the bailout money? Mr. Paulson is a modern day Marvin K. Mooney. He needs to go and he needs to go now. We can all chip in for the Crunk Car. Enough is enough.