AND THE BEAT (AS IN BEAT-DOWN OF THE AMERICAN CITIZEN) GOES ON, PART II
This one sees YOU insuring about $300 billion of the idiotic, irresponsible, gar-bage investments that Citigroup made, plus a straight-out float of $20 billion in TARP money.
This Citigroup disaster is partly Robert Rubin's doing, for all those keeping score at home. And who is one of Rubin's proteges, you might ask? (If you're not asking, you should be. It's your money at work here). Why none other than Tim Geithner, your soon-to-be Treasury Secretary.
The same Geithner who worked over the weekend with such luminaries as Hank Paulson & Ben Bernanke to let this latest boondoggle go down. More of the same . . . and lots more to come.
Next in line for a bailout: G.M.; G.E.; the G8; the city of Pittsburgh; Romania; the Detroit Lions; a loose consortium of failed businessmen named either John, Fred, or Peter; every third bank, determined by a series of coin tosses and dice rolls . . .