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Citigroup grovels and begs, then receives $20,000,000,000 from taxpayers. No congressional hearings, no CEO frog march to Washington, little to no oversight, and virtually no Republican outrage.

Yep, free market capitalism at it's best.

And it's just the tip of the $700 billion dollar iceberg for the banking industry.

Date: 2008-12-12 01:28 am (UTC)From: [identity profile] pkbarbiedoll.livejournal.com
I wrote that based on misinformation. The $75/hr figure was erroneous - union auto workers make on average <$30 hr. Big difference in my opinion. No doubt an anti-union conservative put that number out to see if they could get any traction. I guess it worked for a while.

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