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New The irony is that Citibank spent $100 million lobbying ...
Congress to repeal the Glass-Stegall Act in 1999 so that they could get themselves into the trouble they're in now. The rest of the financial industry supplied an additional $100 million to take them to Victory! Thank you ex-Senaor Phil Gramm (of the "Americans are whiners" fame)!

<a href=http://seekingalpha....-to-flail>Seeking Alpha</a> link.
Alex
Collapse Edited by a6l6e6x Nov. 24, 2008, 02:05:05 PM EST
The irony is that Citibank spent $100 million lobbying ...
Congress to repeal the Glass-Stegall Act in 1999 so that they could get themselves into the trouble they're in now. The rest of the financial industry supplied an additional $100 million to take them to Victory! Thank you ex-Senaor Phil Gramm (of the "Americans are whiners" fame)!

http://seekingalpha....-too-big-to-flail
Alex
     Government considers Citigroup bailout - (jay) - (8)
         Proving that, the real test of whether you have a 'financial - (Ashton)
         Bloomberg: $20B in cash from Treasury, $306B in guarantees. - (Another Scott)
         Response to bailout is WTF? - (jay)
         The irony is that Citibank spent $100 million lobbying ... - (a6l6e6x)
         Somali pirates in negotiations to buy Citi. - (Another Scott) - (1)
             Ah.. If. Only. Bill Watterson were practicing therapy still - (Ashton)
         I already did my bit to help them - (mhuber) - (1)
             OptOutPrescreen.com is your friend. - (Another Scott)

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