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Tag: Citibank


Greg Palast

Larry Summers and the ‘End-Game’ Memo

A 1997 memo retrieved from the filing cabinet of investigative reporter Greg Palast shows the involvement of Lawrence Summers—Obama’s current favorite for chairman of the Federal Reserve—in a successful plan to help big bank CEOs “rip apart financial regulation across the planet.”

Posted on Aug 25, 2013 READ MORE


Greg Palast: Between Two Vultures

International gumshoe reporter Greg Palast tells RT’s Max Keiser how the fate of the Argentinian economy will be decided by a legal battle between the White House and Paul Singer—“the great vulture speculator in America” and “probably the top donor, or organizer of donors for the Republican party”—over the profits of big banks.

Posted on Aug 5, 2013 READ MORE



AP

Congress Still Puts Out for Wall Street

The big banks’ influence in Washington has only grown in direct proportion to the harm they have caused to the nation’s economy.

Posted on May 27, 2013 READ MORE



AP/Mark Lennihan

A Sign That Obama Will Repeat Economic Mistakes

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 READ MORE


Obama
Air Force / Master Sgt. Cecilio Ricardo

Democratic Fundraiser Arrested in $74 Million Fraud

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.

Posted on Aug 25, 2009 READ MORE


Sheila Bair
AP photo / J. David Ake

A Republican to Save Us

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.

Posted on Jun 10, 2009 READ MORE



Flickr / chakote

Good Economic News, for a Change

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.

Posted on Mar 10, 2009 READ MORE


Citibank
pattisonsign.com

Citigroup Does the Splits

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.

Posted on Jan 16, 2009 READ MORE


Citigroup sign
marketplace.publicradio.org

When Losing $10 Billion Is a Relief

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.

Posted on Jan 15, 2008 READ MORE


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