Comments on: Do you have a moment for our survey? http://www.moral-flexibility.net/archives/2008/11/28/do-you-have-a-moment-for-our-survey/ The ramblings of a zombocalypse ready, hoplophile Canuck. Thu, 11 Mar 2010 17:20:15 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Matti http://www.moral-flexibility.net/archives/2008/11/28/do-you-have-a-moment-for-our-survey/comment-page-1/#comment-80693 Matti Sun, 30 Nov 2008 13:26:12 +0000 http://www.moral-flexibility.net/blog/?p=817#comment-80693 Yeah, but ... CitiBank <b>needs</b> those 30% rates - otherwise they'd never make any money! Hmmm ... on the other hand, CitiBank seems unable to make money even at those rates. "Rescuing Citi requires one to bite hard. Citi's cowboy ethic has made it a primary enabler of every financial crisis, from the Crash of '29 to playing handmaiden to the financial engineers at Enron Corp. and WorldCom Inc. to spreading the contagion of subprime junk mortgages worldwide. Citi has repeatedly been bailed out of its messes with public money." http://www.thestar.com/Business/article/545033 Yeah, but … CitiBank needs those 30% rates - otherwise they’d never make any money! Hmmm … on the other hand, CitiBank seems unable to make money even at those rates.

“Rescuing Citi requires one to bite hard. Citi’s cowboy ethic has made it a primary enabler of every financial crisis, from the Crash of ‘29 to playing handmaiden to the financial engineers at Enron Corp. and WorldCom Inc. to spreading the contagion of subprime junk mortgages worldwide. Citi has repeatedly been bailed out of its messes with public money.”

http://www.thestar.com/Business/article/545033

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