Internet Anthropologist Think Tank: CitiGroup bailout bad for Tax payers

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    Monday, November 24, 2008

    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.

    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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