Let's Do Some Measuring

Let’s see if we can figure this out.  Citigroup is blessed as Too Big To Fail by the US Federal Government.  Therefore, the US Treasury under Hank Paulson the FrankenFinancier bags up a $20 Billion Happy Meal for Citigroup.

Fair enough that President Jo Jo The Idiot Boy has gone Socialist in his last few weeks on job, but there’s a disconnect I’m not getting.  Citigroup really hasn’t done much, compared to other people.

At Citigroup today, their stock went up a bunch.  The same folks are in charge on the management team.  It seems that being a group of total financial incompetents and internationally-focused screw-ups running a bank nets you $20 Billion.

Using that rule then, let’s do some measuring.  Let’s see what Citigroup didn’t do.

Citigroup didn’t start a war in a foreign country.  Citigroup hasn’t killed several thousand people.  Citigroup didn’t land on an aircraft carrier, or stand under a Mission Accomplished banner.  Citigroup didn’t pass tax laws that essentially let The Base run rampant. 

Citigroup didn’t pass the Patriot Act or set up Homeland Security.  Citigroup didn’t let New Orleans become a third world country during Hurricane Katrina.  Citigroup didn’t come up with a doctrine that sets the Vice-President separate from the Executive, Legislative and Judicial branches of government as its own private entity. 

Citigroup didn’t try to ignore various laws regarding domestic or foreign spying, kidnapping, torture, water-boarding or offshore prison camps. Citigroup didn’t lose bales of cash to contractors in Iraq and Citigroup hasn’t outsourced half their jobs to private firms.

Citigroup hasn’t cut a full pardon for Scooter Libby or Conrad Black, yet, but give them time.  And best of all, Citigroup hasn’t wiped his feet on the US Constitution. 

Nope, about all Citigroup has done is so completely screw their banking business that they are now the happy recipient of $20 Billion as their reward for being complete fiscal dorks.

Which leads me to believe that Henry Paulson’s last act will be to grant President Jo Jo The Idiot Boy at least $200 Billion as a going away gift.

After all, Dubya has done so much more than Citigroup has.