Citigroup Should Be Held Accountable, Obama Aide Podesta Says

[DogPoundPup]

Source: Bloomberg

Nov. 28 (Bloomberg) -- The U.S. government should demand accountability and changes at Citigroup Inc., as well as from automakers, in exchange for any financial assistance, a top transition official for President-elect Barack Obama said.

“It seems to me that the government ought to demand accountability,” including on executive compensation, John Podesta said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” scheduled to air today.

“If we’re going to have one rule, we ought to apply it to all of the financial institutions that we’re taking a look at,” Podesta said. “That’s my personal opinion.”

In the case of Detroit, lawmakers are demanding from auto industry executives a concrete plan on going forward while others are asking for management changes. The government hasn’t made those demands of Citigroup.

Read more: http://www.bloomberg.com/apps/news?pid=20601070&sid=akf_DTv.v8ic&refer=home

[Wilms]

1. Has Obama Aide Podesta checked this with Obama Aide Rubin??

:shrug:

[ooglymoogly]

2. The horses are already out of the barn.

and racing to buy up the world at 10 cents on the dollar and we get to pick up the tab.
A time warp from 1929...and quelle supreeeeZe it is the same good ol' boys who did it before. M0rgan and co., once again at the top of the list. The take no prisoners spawn of Jekyll Island are risen from the grave and they have learned from their mistakes and once again we have not learned from our mistakes of not prosecuting the thugs then and are reliving the same grizzly history.

[sarcasmo]

3. Finally, but haven't they already given them the money, a bit to late to demand anything.

[eilen]

5. You haven't met the IRS n/t

[Nihil]

6. Neither have most of the people at the top of companies like that. (n/t)

[Sex Pistol]

4. "It seems to me..."

Bla bla bla...

As usual, the responsible will bear the burdens of the irresponsible.