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By Kevin Starr
$23.07
By Jeff Sharlet
$17.13
$13
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AP/Mark Lennihan
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By Robert Scheer — Reports in the business press tout a prime participant in the great banking hustle as a possible candidate to be the next Treasury secretary.
Posted on Dec 7, 2012
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Air Force / Master Sgt. Cecilio Ricardo
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Hassan Nemazee has raised millions for Democratic candidates, including Bill and Hillary Clinton and Barack Obama, and for the Democratic Senatorial Campaign Committee. He was arrested Tuesday for allegedly using bogus documents and phone numbers to try to sucker Citibank out of $74 million.
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AP photo / J. David Ake
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By Robert Scheer — You probably don’t know much about Sheila Bair, but she is looking out for you, and that is why the big guys on Wall Street and their allies in the Obama administration are out to get her.
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Flickr / chakote
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The Dow had a big day on Tuesday, leaping 379 points after Citibank reported two months of profits and Fed chief Ben Bernanke indicated the banks could have some wiggle room in the accounting of their junk assets. The day may have ended with high-fives on Wall Street, but there’s good reason to stay gloomy.
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pattisonsign.com
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After receiving $45 billion from U.S. taxpayers just two months ago, Citibank’s much-maligned parent Citigroup will be no longer, as the financial giant announced in Solomon-style manner Friday that it will split itself into two, dividing the company’s traditional banking business— becoming Citicorp—and its riskier investment department—Citi Holdings.
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marketplace.publicradio.org
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You know the economy is in trouble when investors and analysts are relieved that Citigroup lost only $9.83 billion in the last quarter of 2007. The banking giant managed to squeeze a few billion out of Abu Dhabi and Singapore, and will still pay a dividend on its stock, so for now the mood is upbeat.
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Marching in Chicago: Resisting Rahm Emanuel’s Neoliberal Savagery
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