Citigroup Should Be Held Accountable, Obama Aide Podesta Says

[cal04]

http://www.bloomberg.com/apps/news?pid=20601103&sid=akf_DTv.v8ic

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.

Podesta, a former chief of staff in the Clinton White House, also said Obama would complete “virtually the whole Cabinet” by Christmas, and the new president’s team will reach beyond the Democratic Party.

There will be “multiple Republicans” in the administration,” Podesta said. “You’ll see them spread throughout the administration.”

[babylonsister]

1. “It seems to me that the government ought to demand accountability”

Ya think? That's my hope also. Now and from now on.

[depakid]

2. "There will be “multiple Republicans” in the administration...”

That really gives one hope that things are going to change....

:eyes:

[indepat]

4. 30,000 to 70,000 troops in Iraq until 2011 would seem to be more of the same and

just might add Uncle Sam to the growing litany of those gone bankrupt. :P

[lligrd]

3. Why Only Citigroup?

Either everyone should be held accountable or nobody should. Start at the top with Bush or throw open the prison doors.

[SoCalDem]

5. "should"... um yeah..right..... that's the ticket

Citigroup will shake on that suggestion and follow through:rofl: