Utter garbage. It is obvious that none of these frauds can run a company properly. It is time to LET THEM ALL FAIL.
Put the capital into regional banks, credit unions, the SBA, the FDIC or wherever to protect the average depositor but shareholders and unsecured creditors can go to zero because this is where they are taking us....to nada.
"... Citigroup Inc., the recipient of $45 billion in government rescue funds, doled out $13 million as compensation to employees whose trips to resorts the company was forced to scrap, two people familiar with the matter said.
Citigroup paid 1,900 agents of its Primerica Financial Services Inc. unit $5,000 each for missing a three-day stay at a Bahamas resort, the people said, speaking anonymously because the amounts aren’t public. Some 2,000 Smith Barney brokerage advisers got debit cards valued at $1,000, $2,000 and $3,000 for various canceled getaways...."
bloomberg |
