Tuesday, June 16, 2009

Sure, we'll pay it back...whenever.

Citi's strategic plan to pay back the TARP money. It consists of the words "sometime soon" or something to that effect.

The money quote, "I do worry we could be competitively disadvantaged if we aren't able to find a way to quickly repay TARP," said Parsons, who added that he opposes caps on compensation.

Nice! You don't know when you will pay back the money you owe taxpayers, but you still want your fat salaries and bonus checks.

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