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(CNBC)   Former Citigroup CEO says megabanks are "evil"   (cnbc.com) divider line 39
    More: Ironic, Citigroup CEO, Citigroup, CEO, Vikram Pandit, Squawk Box, Sandy Weill, retail banking, too big to fail  
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1305 clicks; posted to Business » on 26 Jul 2012 at 2:31 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



39 Comments   (+0 »)
   
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2012-07-25 08:58:50 PM
i don't see what's ironic about it. She's 79, retired and now that she's gone, is blowing the whistle on everyone else. coontty but not ironic.
 
2012-07-25 09:19:28 PM
Dear Citi or Citibank or whatever you are calling yourself.

I worked for you as a young kid.

I bank with you. You raised my checking fees to $10 unannounced a few months ago. The only check I write is to my landlord, everything else is autopay.

Your non-Citi ATM fees are totally going Ass To Mouth.

Your free checking for new customers that sign up for direct deposit apparently doesn't apply to me, a New Yorker that signer up with you years ago because you were the closest bank to my house.

All I'm saying is, if I wasn't such a lazy goon, I would switch banks.

Yours in gouging,

Pancho Brap
 
2012-07-25 09:24:37 PM

brap: Dear Citi or Citibank or whatever you are calling yourself.

I worked for you as a young kid.

I bank with you. You raised my checking fees to $10 unannounced a few months ago. The only check I write is to my landlord, everything else is autopay.

Your non-Citi ATM fees are totally going Ass To Mouth.

Your free checking for new customers that sign up for direct deposit apparently doesn't apply to me, a New Yorker that signer up with you years ago because you were the closest bank to my house.

All I'm saying is, if I wasn't such a lazy goon, I would switch banks.

Yours in gouging,

Pancho Brap


You will never change that which you tolerate.
 
2012-07-25 09:36:27 PM

doyner: You will never change that which you tolerate.



Tell that to my underwear, it's now crying in the corner.
 
2012-07-25 09:38:04 PM

Mugato: i don't see what's ironic about it. She's 79, retired and now that she's gone, is blowing the whistle on everyone else. coontty but not ironic.


Sandy Weill is a he.
 
2012-07-25 09:40:37 PM

FreakinB: Mugato: i don't see what's ironic about it. She's 79, retired and now that she's gone, is blowing the whistle on everyone else. coontty but not ironic.

Sandy Weill is a he.


He then. It did seem strange that it would be a woman.
 
2012-07-25 09:42:34 PM
Belated attempt at karmic redemption. 20 years ago this could have made a difference, now it's just a footnote.
 
2012-07-25 10:07:09 PM

brap: doyner: You will never change that which you tolerate.


Tell that to my underwear, it's now crying in the corner.


I ...uh... I don't want to know.

:-/

MacEnvy: Belated attempt at karmic redemption. 20 years ago this could have made a difference, now it's just a footnote.


It's the same kind of mentality where you can murder and rape and pillage up until just before you die, then accept Jesus and you'll get into heaven.
 
2012-07-25 11:05:29 PM
It doesn't matter though - if they break up the majors, the I-Banking units will just ally themselves or transform themselves into hedge funds. Those are the ones you want to watch out for. No transparency.
 
2012-07-26 03:31:16 AM
I think it speaks at least a chapter that someone in Weill's position is unable to say what he feels is the proper direction for his chosen industry while he's employed in that industry, but heavy lies the crown, i s'pose.

I'm tempted to ask what his opinion matters now that he has no real influence on the course of things, aside from being another voice to add to the countless others that will not turn back the deregulation train.
 
2012-07-26 03:34:25 AM
He sounds so sincere. So he'll be giving back his ill-gotten gains, then? No? Such a surprise.
 
2012-07-26 03:44:33 AM
Jump, you bastards.
 
2012-07-26 03:44:56 AM
I assume that the share options from the retirement package have expired.
 
2012-07-26 04:51:38 AM

Mugato: i don't see what's ironic about it. She's 79, retired and now that she's gone, is blowing the whistle on everyone else. coontty but not ironic.


Obvious.

This is what the Obvious tag was made for.
 
2012-07-26 06:12:34 AM

I sound fat: Mugato: i don't see what's ironic about it. She's 79, retired and now that she's gone, is blowing the whistle on everyone else. coontty but not ironic.

Obvious.

This is what the Obvious tag was made for.


The Obvious tag was on the floor hyperventilating.
 
2012-07-26 06:50:45 AM

Bob Down: The Obvious tag was on the floor hyperventilating.


The Obvious tag was arranging the book deal.
 
2012-07-26 06:53:59 AM

MacEnvy: Belated attempt at karmic redemption. 20 years ago this could have made a difference, now it's just a footnote.


That's what I'm thinking. He's old enough to be staring into the abyss and is having his Lee Atwater moment. Well fark him, I'm not in a forgiving mood when it comes to these bastards. Rot in Hell with the rest of your ilk you POS.
 
2012-07-26 07:13:16 AM

Jamdug!: It doesn't matter though - if they break up the majors, the I-Banking units will just ally themselves or transform themselves into hedge funds. Those are the ones you want to watch out for. No transparency.


SecTres, Fed Chair and PotUS have all indicated that they will regulate hedge funds and derivatives, one way or the other.

/word salad
 
2012-07-26 07:39:19 AM

Mugato: FreakinB: Mugato: i don't see what's ironic about it. She's 79, retired and now that she's gone, is blowing the whistle on everyone else. coontty but not ironic.

Sandy Weill is a he.

He then. It did seem strange that it would be a woman.


Women handle money like crap. No Board would select a woman for CEO of a bank. CEO of Sandwich making perhaps but not a bank.
 
2012-07-26 08:42:14 AM
For some reason I read that as "Mecha Evil"

www.toplessrobot.com
 
2012-07-26 08:55:25 AM

xanadian: brap: doyner: You will never change that which you tolerate.


Tell that to my underwear, it's now crying in the corner.

I ...uh... I don't want to know.

:-/

MacEnvy: Belated attempt at karmic redemption. 20 years ago this could have made a difference, now it's just a footnote.

It's the same kind of mentality where you can murder and rape and pillage up until just before you die, then accept Jesus and you'll get into heaven.


It's not what you say, it's what you are. If he truly believes and works toward reform, I'm prepared to forgive, though not necessarily forget.
 
2012-07-26 09:46:01 AM
www.aaanything.net
 
2012-07-26 10:06:48 AM

rogue49: Jump, you bastards.

 
2012-07-26 10:13:38 AM
Defenestrate these farkers
 
2012-07-26 10:33:56 AM
i.imgur.com
Knows what to do with Bankers
 
2012-07-26 11:21:29 AM
I don't give a crap if he is flip-flopping. The bottom line is Glass-Steagall needs to be re-instated. Like, yesterday.
 
2012-07-26 11:44:11 AM
www.whitehouse.gov
www.whitehouse.gov

This is completely new information, and it has shocked me thoroughly.
 
2012-07-26 11:44:18 AM
In some circles, there's still resentment that the government used taxpayer money to give bailout loans to the biggest banks

In some circles? That's something that even the Tea Party and OWS can agree on. If it needed to be done to prevent economic disaster, then so be it, but they should have been broken up as part of the process. Just telling them they are "too big to fail", giving them an almost inconceivable amount of money in the form of a bailout, and then letting them go on with business as usual (now knowing full well that no matter how badly they fark up, the taxpayers will bail them out) was just flat-out wrong.
 
2012-07-26 12:32:25 PM
Meanwhile, in response to Weill, Phil Gramm is scurrying about today trying to burnish his legacy and showing that he's still every bit as delusional, self-serving and willing to lie right through his teeth as he ever was. What an unrepentant jackass.
 
2012-07-26 01:26:11 PM

brap: All I'm saying is, if I wasn't such a lazy goon, I would switch banks.


Don't be lazy - just switch. I finally gave Chase the finger when they upped WaMu's ATM charges for overseas withdrawals from $5 to $12. I went to a bank that gives me free ATM withdrawals worldwide with no foreign conversion fees.

What's sad is that mega-mergers are defended under the notion that larger companies are more efficient... except that the mega banks are usually the ones fee-gouging. Big banks are a cancer on society.
 
2012-07-26 01:30:27 PM
Like Cheney coming out as being in favor of gay equality only after leaving the office where for 8 years he could have done something about it but did not.
 
2012-07-26 04:52:19 PM

MacEnvy: Belated attempt at karmic redemption. 20 years ago this could have made a difference, now it's just a footnote.



Yeah, it's like Greenspan waiting until he was replaced by Bernanke to say that he was a complete fark up the entire time he was Chairman of the Fed.
 
2012-07-26 07:50:25 PM

gshepnyc: Like Cheney coming out as being in favor of gay equality only after leaving the office where for 8 years he could have done something about it but did not.


He could have usurped state legislatures? That's a new one.
 
2012-07-26 09:45:35 PM
It's like Al Gore being all environmental after suggesting Clinton not sign the Kyoto Protocol.
 
2012-07-26 11:20:54 PM

xanadian: brap: doyner: You will never change that which you tolerate.


Tell that to my underwear, it's now crying in the corner.

I ...uh... I don't want to know.

:-/

MacEnvy: Belated attempt at karmic redemption. 20 years ago this could have made a difference, now it's just a footnote.

It's the same kind of mentality where you can murder and rape and pillage up until just before you die, then accept Jesus and you'll get into heaven.


If you're Catholic, you spend a few thousand (or million) years in Purgatory when you do that. Makes sense.
 
2012-07-26 11:25:29 PM

mod3072: In some circles, there's still resentment that the government used taxpayer money to give bailout loans to the biggest banks

In some circles? That's something that even the Tea Party and OWS can agree on. If it needed to be done to prevent economic disaster, then so be it, but they should have been broken up as part of the process. Just telling them they are "too big to fail", giving them an almost inconceivable amount of money in the form of a bailout, and then letting them go on with business as usual (now knowing full well that no matter how badly they fark up, the taxpayers will bail them out) was just flat-out wrong.


This. So much this.

The fact that this (a break up) didn't happen, and that there were effectively no strings attached to the cash, makes me seriously wonder if the whole 2007 crunch wasn't a conspiracy. And I believe Lee Harvey Oswald was (probably) the only finger on the trigger.
 
2012-07-27 08:37:09 AM
The bankers were the ones who wanted Glass-Steagall repealed. fark them all. They never should have gotten a penny of bailout money.
 
2012-07-27 10:06:29 AM

Gulper Eel: gshepnyc: Like Cheney coming out as being in favor of gay equality only after leaving the office where for 8 years he could have done something about it but did not.

He could have usurped state legislatures? That's a new one.


He could have spoken from a position of respect and authority and have been the first one at that level to do so. That must have occured to you as you were processing what I said. Don't be silly just to make a contrary point. It makes you look like a fool.
 
2012-07-27 11:34:42 AM

Karma Curmudgeon: Meanwhile, in response to Weill, Phil Gramm is scurrying about today trying to burnish his legacy and showing that he's still every bit as delusional, self-serving and willing to lie right through his teeth as he ever was. What an unrepentant jackass.


You know how I know you need to go back to the Politics tab where you belong?

dl.dropbox.com

84% of Senate Democrats voted to kill Glass-Steagall.

75% of House Democrats voted to kill Glass-Steagall.

Clinton signed it into law.

This is what people in touch with reality call completely bipartisan legislation.

Clinton wasn't getting his arm twisted either.

dl.dropbox.com

The obscenely wealthy own both political parties and have for decades.
 
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