Media Fail: The U.S. Gov’t Making An $8 Billion Dollar Profit Off Its Bailed-Out CitiGroup ‘Investment’ … Is Complete BullSh*t

By on March 31, 2010 in News 4

Darth Vader Opens Wall StreetHeadlines like “U.S. to sell entire stake in Citi at hefty profit” are complete BS. Dylan Ratigan explains in the first part of this clip below how we, the taxpayers, gave a total of $23.7 trillion to these banksters. $8.8 billion hardly makes a dent.

The greatest transfer (“theft”) of wealth to bankers in the history of the world has happened, and the beneficiaries are in the heart of Manhattan. It’s great for those folks, but has damaged the lives of many people living outside of that city across the country…

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  • Zack Buchanan

    Whoever posted this obviously doesnt know what profits are.
    An 8 million dollar profit means they got all that they spent, PLUS, 8 million dollars.
    The revenue they gained wouldve been $423 million, not 8.
    “The stock fell 3 percent to $4.18 a share Monday… But that still puts it well above the $3.25 a share the government paid. The government still holds Citi stock warrants, which will add to its profits…”
    - http://news.mobile.msn.com/en-us/article_pol.as…
    wrecked by your own source good sir

    • http://disinfo.com ralph

      Wrecked? First of all, let's get clear the difference between millions and billions … that sort of accounting is what got Wall Street (and the taxpayer footing the bill for them) in trouble in the first place.

      The point of the piece is to look at the big picture, CitiGroup's announcement doesn't even make a dent in getting all that bailout dough back.

  • http://disinfo.com ralph

    Wrecked? First of all, let’s get clear the difference between millions and billions … that sort of accounting is what got Wall Street (and the taxpayer footing the bill for them) in trouble in the first place.

    The point of the piece is to look at the big picture, CitiGroup’s announcement doesn’t even make a dent in getting all that bailout dough back.

  • http://disinfo.com ralph

    Wrecked? First of all, let’s get clear the difference between millions and billions … that sort of accounting is what got Wall Street (and the taxpayer footing the bill for them) in trouble in the first place.

    The point of the piece is to look at the big picture, CitiGroup’s announcement doesn’t even make a dent in getting all that bailout dough back.