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WALL STREET THANKSGIVING
As Americans this week sat down to their traditional Thanksgiving dinner, the real feast was once again being enjoyed by the Wall Street elite. Citigroup received a heaping helping of government aid from the world’s two most famous turkeys – Bailout Ben Bernanke and Handout Hank Paulson.
The US government is now guaranteeing over $300 billion worth of Citi’s loans. It is obvious what will happen next on the road to Bailoutville, USA. Next will be a literal stampede of all the other American financial turkeys looking for a similarly juicy deal from Uncle Sam. By the way, do turkeys stampede…
1Dec2008 | Oxbury Research | 0 comments | Continued
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