Citigroup talking to Treasury, Fed

I can never understand this mentality of giving the banks bailout money. They use to money to keep operations going, and, hopefully, save jobs, but it is really going to work in the long run? Think of the world as a pryamid of acrobats, a long row at the bottom, each row getting smaller, until you reach the one person at the top. Keep feeding the guy at the top, and he survives, until the ones at the bottom starve, collapse, and eventually it all falls. Keep the bottom rows healthy, and the guy at the top doesn't fall. The banks are at the top, the American people at the bottom. The banks are in trouble because, supposedly, their customers couldn't pay their house or loan payments. Give the people the money, and the banks get it back when they pay their bills. It's simple. This economy will only move when the public has cash to spend. GIVE THE MONEY TO THE PEOPLE. Give it to the banks and they hoard it, pay their salaries, and live a while longer while the rest of us go down. I've posted this theory on many blogs, and yet to have anyone dispute it.

No one bails out joe the plumber when he screws up. No bailouts for business either. Common sense has to play a role at some point i would think. Maybe to many government employees needing to return favors is what this is. Tiem joe the plaumber gets a fair shake. I say no more career politicians who only care about filling their pockets with our cash. Laws today are only for the rich not for joe the plumber or his family.

No one bails out joe the plumber when he screws up. No bailouts for business either. Common sense has to play a role at some point i would think. Maybe to many government employees needing to return favors is what this is. Tiem joe the plaumber gets a fair shake. I say no more career politicians who only care about filling their pockets with our cash. Laws today are only for the rich not for joe the plumber or his family.

No bailout money should be going to CitiBank. As of January 2008, $721,154,539 in "awards" went to the top seven executives. HMMM--3/4 of a billion dollars to a handful of top dogs.
And here are the non-passed stockholder proposals from the last stockholder meeting:
* Request for a report on prior governmental service of certain individuals (Robert Rubin is on the board)
* Request for a report on political contributions
* Request that executive compensation be limited to 100 times the average compensation paid to worldwide employees
* Request that two (rather than one) candidates be nominated for each board position
* Request for an independent board chairman
* Request for adoption of certain employment principles for executive officers.
Banks used to have a 2 point spread and made plenty of money. Now with the lowering of the interest rate for their incoming funds and comparing the rates charged for the outgoing funds regarding loans to the public, the spread is MUCH higher. They don't need bailing out--they need a belt tightening at the top end!!

i think obama should read the roosevelt script ,not the clintons.