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Forum Post: Former Citigroup CEO: "I would compartmentalize the industry for the same reason you compartmentalize ships..."

Posted 8 years ago on Nov. 29, 2012, 10:31 p.m. EST by toobighasfailed (117)
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[-] 3 points by nomdeguerre (1775) from Brooklyn, NY 8 years ago

I don't understand some of the comments here. Converts are spat at? Sinners can never change their ways? Why not take his comments at face value and say welcome aboard?

We need to reinstate Glass-Steagal and need all the help we can get.

[-] 1 points by Builder (4202) 8 years ago

Citigroup is part of the mafiosa bankster cartel that has hijacked the control panel for the country.

Don't pay any attention to what those pricks post.

[-] 1 points by toobighasfailed (117) 8 years ago

You're right that Citigroup is scum, but that's what makes the quote compelling. The former CEO is saying that Citi's push to break Glass-Steagall was wrong, and that the banks should be made smaller. If even Citigroup's former CEO is saying it, then it's even more obvious that it needs to happen. (And I hope it does.)

[-] 2 points by Builder (4202) 8 years ago

Platitudes without action.

The worst criminals responsible for the GFC got promoted into govt jobs. From there, they'll become lobbyists.

From top to bottom, the system is corrupted by criminals who are covering for eachother, and profitting from the rest of the population. Those who try to buck the system get terminated, or shunted along.

[-] 0 points by richardkentgates (3269) 8 years ago

Let us not forget that it gets justified by continually reinforcing the idea that these institutions are essential to our economy when in fact they are not.

[-] 1 points by Builder (4202) 8 years ago

Yes, good point, Richard.

I'm looking at a lot of our (humanity's) seemingly ingrained habits and values, and wondering if they aren't the doings or machinations of the oligarchs. I've been commuting a bit lately, and plenty of time for introspection.

It always gets busy for me just before the credit rush that has replaced the family get together that was Christmas. Worked seventy hours in four days. Wondering if I'm just a slave to my own greed.

[-] 0 points by richardkentgates (3269) 8 years ago

We are all slaves to the grind. I don't see that as the issue so much as the extortion of our labor by those who add nothing to society and frankly are not a necessity in the food chain of economics.

[-] 0 points by factsrfun (8283) from Phoenix, AZ 8 years ago

the same is true for the electrical grid as well, one reason rooftop solar is such a good idea, this is a useful metaphor and should be used when talking about these things,

thank you for the post