Monday, November 24, 2008

Safeguarding Citiwhatever

Today, Bush visited Hank Paulson at the Treasury Department for a delicious beverage: “Mr. Secretary, thank you very much for inviting me in for a cup of coffee.”

CITICORPSE?: “The decision was made to safeguard Citi -- Citicorps.” You mean Citicorp (not corps), the name Citigroup hasn’t used since 1998. Isn’t that how we got into this mess – giving away lots of money to people we didn’t know much of anything about?

HE’S THE DECIDERER: “We have made these kind of decisions in the past -- made one last night.”

AND WILL BE THE DECIDERER FOR THE NEXT (SIGH) 57 DAYS: “And if need be, we’re going to make these kind of decisions to safeguard our financial system in the future.” Way to boost economic confidence, George.

Also today, Barack Obama officially announced who would be the next face of the American economy, one Timothy Geithner.


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