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why is the U.S. Bailing out an United Arab Emerites owned bank???? citigroup is basically owned by

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ORDagnabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 11:32 AM
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why is the U.S. Bailing out an United Arab Emerites owned bank???? citigroup is basically owned by
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John Q. Citizen Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 11:34 AM
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1. bushco
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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 11:42 AM
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4. Photo here...

President Bush with Sheikh Khalifa
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msongs Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 11:37 AM
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2. congress doing the bidding of its corporate masters as usual?
notice none of these tax payer fleece jobs have much in the way of accountability for those in management who made decisions that drove their respective companies into default or disaster?

My bank was taken over last friday and the managers who made commissions on dubious loans are still there, and defending that bank's new fees and charges on customers - fully expecting customers should pay fees to bail out management incompetence.

Msongs
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RollWithIt Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 11:38 AM
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3. We argue for weeks about a 25 billion auto bailout that will save 3 million jobs...
And we bailout Citigroup with little or no discussion. Go figure.
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muriel_volestrangler Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 11:52 AM
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5. What percentage do they own? Is it as high as the 20% that your article fears?
If so, and that is 'too much' to allow them to be bailed out, what is the maximum percentage you would allow?

And how many groups are each able to 'basically own' a company? 5? 10?
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 11:59 AM
Response to Reply #5
6. I don't think anyone has trace it down to one entity
But what I've found out so far is each is less than 4% by one entity such as a sheik or a middle east country
otherwise as it says in the article: ' U.S. banks say that CIFIUS is just one of the safeguards keeping foreign influence on American financial institutions in check. They note that when investors, foreign or not, purchase large shares of a bank — 5 percent or more — that can trigger reviews and disclosure requirements by the Federal Reserve and the Securities Exchange Commission.' I'm seeing 3% here and a 4% there and so on.

It stinks and I said so yesterday.
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blm Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-24-08 12:25 PM
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7. BFEE pals and BCCI figures gained control of this country long ago, and we're left
as THEIR drones - fascist agenda is on track. Bush-Clinton-Bush made sure of that.

Ever see any of them choose US over the needs of the Dubai and saudi royals and the Chinese industrialists and financiers coddled over the decades by GhwBush and his cronies?
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