Comments on: Citigroup Posts New Losses, Cuts Workforce

However, $2.5B Shortfall Less Than Expected For Largest U.S. Bank

[hasher47]

... you demoroids that voted Bill Clinton into office.
Posted by anniegirl50 at 03:06 PM : Jul 18, 2008
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Is that the same Bill Clinton that left BUSH a balanced budget and a SURPLUS?
What a sleezebag!!!

[aldon61]

Home ownership costs rise with maintenance costs, insurance costs, taxes, etc. Did you think your payment was going to remain the same for the life of your loan?????? I say we pass a law to not make loans to idiots. So, instead of putting the blame where it truely belongs............you demoroids just blame it on the current administration. Just remember, the Congress is Majority Demoroid. Have they passed any new laws to help you out at the expense of the RICH PEOPLE????


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Posted by anniegirl50 at 03:21 PM : Jul 18, 2008

Actually, creative financing, such as ARM''s and REM''s began under the Reagan administration, but we did have a democratic congress, the reverse of my previous counter to your ravings. If you can''t figure it out Annie, all pol''s are crooked and liars, not just dems. Neither party has exclusivity on deceiving the american people. Stop blaming the dems alone, otherwise you''ll show yourself to be a nut case.

[aldon61]

Well hell, it was you demoroids that voted Bill Clinton into office. Sure as heck was not me. So the only people to blame for what has happened is the democrats who started this ball rolling. Look in your own back yard..........


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Posted by anniegirl50 at 03:06 PM : Jul 18, 2008

All approved by a Republican congress, lest we forget!

[morganbarber]

Lets make the 6000 bottom feeders suffer for the stubbornness and stupidity of the big fish at the top.

[anniegirl50]

Another comment on the economy. If you cannot afford to make a mortgage payment, don''t get a home loan! DUH!! If you are to stupid to understand what an ARM loan is, find somebody smarter than you and ask them how that works. Here is a concept. Stop living above your means. If you don''t earn enough money to pay your debt, get a second job, or don''t purchase things you cannot pay for....what a concept!! Now all the so called "Rich People" are going to have to bail out a bunch of idiots. So if a mortgage company is stupid enough to make a loan to a non credit worthy person, well then they need to suffer the loss. Not the taxpayers of this county. And if you cannot afford to pay your mortgage, you should have thought ahead before you signed the documents. Home ownership costs rise with maintenance costs, insurance costs, taxes, etc. Did you think your payment was going to remain the same for the life of your loan?????? I say we pass a law to not make loans to idiots. So, instead of putting the blame where it truely belongs............you demoroids just blame it on the current administration. Just remember, the Congress is Majority Demoroid. Have they passed any new laws to help you out at the expense of the RICH PEOPLE????

[anniegirl50]

If you Demoroids new what you were talking about you would realize that it was the Democratic era of Bill Clinton that set in motion the Free Trade issue that has cost this country jobs and money. Remember Ross Perot. He said we would all hear a giant sucking sound when all our jobs were sucked right out of the United States. Well hell, it was you demoroids that voted Bill Clinton into office. Sure as heck was not me. So the only people to blame for what has happened is the democrats who started this ball rolling. Look in your own back yard..........

[aldon61]

I worked with Citicorp before they became Citigroup. It was a great company during the 70''s and most of the 80''s. In an effort to compete globally, centralization became a buzz word. By the time 1988 came around, Citicorp Mortgage ( my division) had reduced their feild support by close to 80 per cent. The old managment respected experience. Under Walter Wriston and John Reed, there was a strong commitment to their personnel. That unfortunatly, is no longer the case. I still have friends that work for the company; most work from their houses and don''t have the liberty they once had. The new management wants MBA''s and give very little attention to experience; these "theorist" employees don''t have real live field experience and are making loads of mistakes. This is where Citigroup is taking their hits. They need to look at "line experience" when hiring new employees, otherwise the bleeding is not going to stop anytime soon.

[kevboom]

How can a company that charges upwards of 29% interest on credit cards lose money for three straight quarters? I''m guessing greed and mismanagement at the top. As usual, the 6000 peon employees pay the price.

[timdgrim]

Easy Option, sack the workforce. Best Option, shoot the executive and the politicians who get into bed with them.


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Posted by drinuk at 02:17 PM

I''ll vote for YOU!

[drinuk]

Easy Option, sack the workforce. Best Option, shoot the executive and the politicians who get into bed with them.

[hasher47]

Yay!!! Another great Republican Economic Day!!!
I''m assuming they''re all cheering based on Repub posts on the other threads. Everything is fine in RepubLand. The gas prices are great, deficits no problem, wars going good, educations fine, jobs being outsouced no problem, food prices fine, border security solid, everything is just great in RepubLand.

That''s why they want to keep a Republican in office.

[whitemale08]

Here''s a question for you Republicans:

What''s the difference between corporatism and socialism?

I''ll tell you; corporatism is socialism for the rich and socialism is socialism for the working class.

It''s unfair that the rich get to privatize their profits on the backs of working people and socialize their losses.

I smell a revolution folks, and I don''t care what excuses you make for Mitt Romney and his hedge fund ilk but things have got to change.

And the working people are shrinking in size because they can''t afford to raise a family while the welfare rolls expand because at least the state cares for them.

So who''s the socialist? Republicans are for their corporatist hedge fund mentatlity.

[jntlw-2009]

Layoffs - the only known remedy by those brillinat CEOs of cutting costs - it would never occur to them to cut their pay - of course not. That is too drastic. Always the worker who gets the shaft for doing the daily work and applying the policies of management as directed but the first to go as victims of this mismanagment. When will it end?

[stn_sage]

You absolutely know it''s time to replace your political leaders, and hope that CEOs get sacked, when the best they can do is brag that they only lost $2.5 billion dollars or violate the U.S.Constitution stating, ''it''s only a G.D. piece of paper''!

If God doesn''t want to help us, we sure better help ourselves by voting these creeps out of office!

[neobrian-2009]

Expect Me To Cry For THEM ???
Ha Ha Ha Ha !!!!Don`t Cry Over " Criminal Oil "

[jericho1337]

I''ve consulted for a handful of top-20 FIs in the US and can safely say that Citi was the worst of the bunch. Pandit''s making some of the right decisions but Prince destroyed any integrity Citi had remaining and frankly, it''s too little, too late (and WHY would Citi hire a CEO with no consumer banking experience???).

- If you treat your customers poorly; and
- Encourage poor lending practices (greed!); and
- Outsource much of your IT to India...

you *should* lose money!

[edward1975-2009]

Keep backing bad loans and mortgages and the Feds will bail ya out. Only in America, can a business run itself in the ground and have the government bail them out. Wish they would do that for the average American struggling to make ends meet, with the fallout from all these bad decisions.

[harpoot]

Management messes up and they sack the underlings. What''s wrong with this picture?????

[harpoot]

Management messes up and they sack the underlings. What''s wrong with this picture?????

[harpoot]

Management messes up and they sack the underlings. What''s wrong with this picture?????