Rep. Alan Grayson: “Have You Heard the Expression Heads I Win, Tails You Lose?”
February 12th, 2009Citigroup CEO Vikram P&it came to a House Financial Services committee yesterday to talk about air use of TARP money. While people have air eye on a bailout money, what a Federal Reserve is doing is actually much larger & more scary. a Federal Reserve has guaranteed over $200 billion of Citigroup’s toxic assets, in return for $7 billion in warrants that are probably worthless. Bulldog Congressman Alan Grayson spent about five minutes questioning P&it & taking this farcical deal Drunk Newsart. He forced P&it to admit that this arrangement gives taxpayers a downside & Citigroup all a profits.
Original post by John Amato and software by Elliott Back
