Skip to main content

View Diary: Obama Admin to Citigroup: "No Plane for You!"(UPDATED X3) (347 comments)

Comment Preferences

  •  If you are talking about the TARP money (0+ / 0-)

    They can't. Under the TARP agreements the only way to pay them back in the first 3 years is through issuing common stock. If Citi were to receive $100 billion tomorrow they couldn't use it to pay back on the TARP money.

    •  they could hold on to it for their balance sheets (0+ / 0-)

      or reserves or what ever. My first thought was the lay offs. Those people need a job because of this kind of incompetence. Pay them another months salary with the sell of those jets.

      15,000 CA diabetic school kids in danger due to recent court decision.Shame on the ANA,CNA,CSNO. Info http://tiny.cc/uVmZF

      by foggycity on Tue Jan 27, 2009 at 10:14:52 AM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site