Vikram Pandit on regulations the market needs

with Vikram Pandit
in Business
on Tuesday, November 25, 2008 * * * * *

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Vikram Pandit on regulations the market needs

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Keywords:
Citi
Bank
economy
bailout

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    1. tartufe  11/26/2008 04:41 PM Report

      The crass hypocritical call for universal and transparent regulation is rife with irony as it was with influential Citigroup lobbying that repealed Glass-Steagall, got overriding legislation of states usury laws, and championed making bankruptcy more difficult for those struck with health and unemployment troubles. NOW they want a 'level playing field." Citigroup is a scumbag institution the world would be better off without, all contrary BS notwithstanding. Indeed the system might recover even faster with the confidence that these and other predators have been purged. A society that tolerates the likes of the financial wise-guys deserves everything that it appears to be reaping. The gated community these guys deserve is not in the Bahamas but in Leavenworth, Ks. They're all too clever by fractions.