It must be nice to be “too big to fail.”
Like those global financial ignoramuses at Citigroup, who have already been given $45 billion in federal bailout money in addition to the government guaranteeing $306 billion of the firm’s, um, “troubled assets.”
But since none of that has worked, the feds are now on the verge of taking a 40% ownership stake in the firm … which of course will result in God knows how many additional billions of taxpayer dollars going down the drain.
Anyway, here’s a humorous take on the bailouts from Right.org …
By Jermandro Handez March 24, 2009 at 4:43 pm
porkulus is a waste of money, its a soft tyranny