Posts Tagged ‘Citi’

Congress: Taxpayers Will Cover Citigroup’s Bad Bets

December 15, 2014

Congress: Taxpayers Will Cover Citigroup's Bad Bets

Unregulated derivatives trading crashed the U.S. economy back in 2008, and two years later Congress passed laws to prevent that from happening again. But Citigroup just wrote derivatives deregulation into the $1.1 trillion federal funding bill, and Congress passed it. Now Citi can blow people’s savings on bad exotic derivatives bets, and taxpayers will likely cover the losses.

Here’s what Senator Elizabeth Warren (D-MA) had to say about that:


Economic Recovery Simplifed

February 27, 2009

Economy Recovery Simplified

All you need to know about the current economic situation in the United States.


Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht,

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