CitiGroup bailout bad for Tax payers

CitiGroup bailout BAD BUSINESS

By Gerald: Internet Anthropologist Think Tank

Nov. 24, 2008

The Citigroup Bail out provides a 8% return to the American Taxpayer.

Based on Citigroup own best practices, and a reward commensurate with the risk

The return to American Taxpayers should be 33%.

Americans are loaning money to a in effect bankrupt company, poor credit risks.

And like banks do with Credit Card interest rates, this type of loan

( the highest risk, a bankrupt company ) should be receiving the highest rewards.

The rate established by the banks for the highest risk loans 33%.

Once again banking Lobbyist have cut a "sweetheart" deal counter to

American taxpayers best interest, huge loans to bankrupt companies

very high risk, but not the highest returns.

Banking industry has established a rate of 33% for these type of loans

and that logic MUST be applied to the banking industry.

All the bailouts MUST pay taxpayers 33% rate of return.

Same as banks collect from American poor credit risks.

Any rates of return of less than 33% should be investigated by Congress.

Good for the Goose, Good for the Gander.

American TaX Payer is being ROBBED at 8%,

33% is fair by Banking standards for poor credit risks,

read your credit card agreement. apply these terms to the bailout.

Gerald

Series 7 & 13

American Tax payer screwed on loans from banks, and tax payer loans t0 Banks.

Screwed both ways.

Don't let them get away with this.

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Email your Congressman

Email your Senator

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