Tuesday, September 8, 2009

No pity for Citi

This NYP article states that the congressional oversight committee which watches how the government is spending the taxpayers bailout money is criticizing Citi for not showing any signs of willingness to pay back the 45 billion it has received and the Fed for not having a plan to get it back.

The money quote in the article, "Too big to fail and not strong enough to succeed is obviously no exit strategy at all," Warren told The Post in an interview.

Warren is the chair of the committee. Something tells me she is not Uncle Vik's biggest fan.

No comments: