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A $285 million settlement is "neither fair, nor reasonable, nor adequate, nor in the public interest."
This could be good for all of us.
Exiting the TARP program is costing them big.
Of Citigroup, we mean. The commodities trader still needs his $100 million paycheck.
1. It's for business. 2. They're afraid of swine flu.
Are the management changes at Citi about "positioning the company for the future," or saving Vikram Pandit's job?
"Before we douse her with more champagne, put her on TV with Charlie Rose and hand over the keys to the Treasury Department, it might be worth taking another look at what really happened."
Sorry, guys! Citi blew all of its budget this year making millionaires more millionaire-y! Good luck feeding your kids, though.
Instead of taking them on a vacation, as they normally do, Citigroup this year gave the highest-performing traders in their one profitable unit gift cards worth between $1,000 and $3,000. Cue the populist outrage!
In which we feel a twinge of pity for the Citigroup CEO.
In defending his role at Citigroup, the former Treasury secretary succeeds only in making things worse.
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