proof of socialism
March 27th, 2010 |WaPo:
Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king’s ransom for its federal rescue.
The Obama administration is making final preparations to sell its stake in the New York bank, according to industry and federal sources.
At today’s prices, the sale would net more than $8 billion, by far the largest profit returned from any firm that accepted bailout funds and the transaction would be the second-largest stock sale in history.
If only Obama would keep government out of the free market system and let capitalism thrive then we would not have to put up with this $8 billion profit for the citizens of the U.S.
How absurd.
2 Responses to “proof of socialism”
I thought Obama wasn’t in office when the bail out took place.
@Jake: if the tea baggers don’t care then neither do I.