Citigroup will not take possession of new aircraft
My sincere hope is that under Obama's Treasury, financial institutions receiving taxpayer-funded 'bailouts' will be subject to more strict 'governance' requirements than they were under Paulson: restrictions on executive compensation, cost-controls, etc... Oh - and it might be nice to see something in the bailout contracts that stipulated just exactly what the banks were to do with the money.
I've seen nothing to suggest that we got much in return for the first $350Bn.
It is encouraging to see that Citi was susceptible to simple shaming.
Have fun.
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