Citi's Income Falls 32% as Underwriting Slips

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It is time Americans demanded, in force and numbers, that Congress address the scams these bankers have been playing on the American public and tax payers as well as international investors. If you are not writing your Congressional representatives (which takes about as long to do as it took to comment here) YOU are part of the problem. When the e mail boxes of Congress are over flowing with demands for justice, then maybe, just maybe, things will start to change. Until then, you are wasting everyone's time posting here.

Washington, DC– Citi and the Citi Foundation presented a $1,000,000 grant to the National Council of La Raza (NCLR) in support of its efforts to build the capacity of its almost 300 affiliates across the country working at the state and local level.
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I help to operate a food pantry where we give food to people suffering from AIDS & HIV. We also give U.S.D.A.
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Who can afford to borrow or get credit anymore? Even with low credit and mortgage rates the related loan service, insurance, transaction and ATM fees make borrowing or credit cards a bad deal. Citi, BOA and G-Sachs are gonnna' have to learn to live like the rest of us-without.

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Citi Bank's revenue falls 32%, BAC's income falls 39% . . . . that is good, isn't it? The noly thing that is going to change the financial institutions' policies is for the consumers and investors to withhold their money, thereby impacting the revenues of the financial instituions. The CEOs and upper management have mainatined their exorbitant salaries, benefits, and bonuses throughout the economic boom, the economic bust, and to date . . . They have passed off all of the losses from their mismanagement (misfeasance and malfeasances0 onto the investors and the customers. Withouting investments and use of their services will create a financial cruch that will require corporate changes to provide parity for investors RoI and customers' fees. The "poweer of the purse" is the only thing that is going to make a difference. haven't we all had our fill of the fraudulent corporate schemes to enrichmanagement at the unreasonable costs to investors and customers?

It is ineresting that a lot of the banks that got billions of our dollars in the bailouts are still failing. They should have failed and been disolved a couple of years ago, and the Fed should have gone with them. None of these institutions is doing us any good by staying around and absorbing our money, which represents our work and our resources. We have to many stupid people in our Government.

B of A and City are all stewing in the same pot doing the same stuff. Ask them how many accounts they have for illegals living in this country, Plus all these H1b & L1 Visa workers that keep shipping all their earnings back over to their home countries? Hell, even many of their banks today are staffed with imported H1b Visa workers.
What about hiring American workers? Bail out money for Banks...Oh, Hell no!

Citi loosing value? Couldn't happen to a nicer slum-dog.

Don't worry the CEO and all the top Exec's will still get their "Bonus", then they will ask the government to bail out the company. Take the money and run baby.