Memo To Citigroup CEO Michael Corbat: Does Your Crony Capitalist Plunder Know No Shame? | WHAT REALLY HAPPENED

Memo To Citigroup CEO Michael Corbat: Does Your Crony Capitalist Plunder Know No Shame?

But now comes a naked Wall Street raid on the taxpayers that’s beyond the pale; and it would have sailed right through in the dead of night absent Elizabeth Warren’s intrepid opposition. Bravo, Senator!

I am referring to the Citigroup-drafted sneak attack on Washington’s tepid effort to curtail the more egregious gambling habits of some of the big banks. These incorrigible larcenists have been trying to gut the “push out” provisions of Dodd-Frank for more than three years now, yet the latter boils down to a simple and urgently necessary injunction to the banks. Namely, you can’t roll the dice in the “derivatives” gambling halls with taxpayer guaranteed deposits.

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