Citigroup is about to get an $11 Billion dollar windfall from the backs of taxpayers. US citizens will accept an $11 billion dollar loss when government sells their stock in the next weeks. All it takes to figure it out is a bit of simple math based on news reports that contradict the loss claiming it is profit.
AIG, the nationalized insurance giant continues to hand out million dollar bonuses to the same individuals that created the financial frauds that stripped the people of America of their wealth, homes and well being. The government took over AIG last fall and owns over 80 percent of the insurance industry.
In an astounding display of arrogance the private banks making up the Federal Reserve Fund whose regulators and policies brought about the destruction of the US economy are demanding to stay unregulated to carry on as always.
In a disturbing video Robert Reich, the new Obama economic advisor, wants to set the economic recovery stimulus package as singling out white construction workers from receiving government aid and is pointed in making it understood that long term unemployed and single mothers will get it.