Lending freeze a stumbling block to Citigroup payback

By Incorrect Author 14 December 2009

Citigroup is the last big Wall Street bank to exit the government’s bailout programme, and is now trying to persuade US regulators that it can stand on its own. But the administration of President Barack Obama is concerned that banks in general are still not lending fast enough to small business and homeowners, so negotiations with Citibank could still collapse. The big US banks were bailed out using taxpayer money after last year’s economic meltdown, giving government a lot of leverage over their current affairs. The banks don’t like it and want to award themselves huge bonuses again this year, which is not what Obama has in mind. Read more: The New York Times


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SARS & Gartner – global advisory giant’s mysterious deal with Moyane’s friend follows a pattern of tender corruption

By Pauli Van Wyk

"We spend the first year of a child's life teaching it to walk and talk and the rest of its life to shut up and sit down. There's something wrong there." ~ Neil deGrasse Tyson