Citigroup Receives Latest Government Bailout to Protect Troubled Lending Market

Whose mortgage is being restructured

Is anyone overseeing the selection of mortgages being restructured? I imagine that several of those working in finance find themselves near foreclosure after using their huge bonuses to finance houses beyond their means, intending them to be an investment. Are these people being given preferential treatment? Hmmm.

CitiGroup bailout

The administration did what it should have done sooner.

Congress should require that all federally insured lenders immediately restructure single family home mortgages in line with what the FDIC is doing with the IndyMac and Downey Savings loans. This will maximize the bondholders recovery; notwithstanding the attorneys seeking a plaintiff.

Arrogance of Bush & Feds

The arrogance of Bush and Paulson is a slap in the face to the taxpayers, expecially since the taxpayers have repeatedly demanded the Feds help the homeowners and forget about Wall Street. The Feds gave $85 billion to AIG and what did they do--gave their executives over $500 million in bonuses for screwing up their companies, spent over $500,000 on frivilous luxury spas, and expensive dinners. Bush and Paulson continue to help the professional thieves and failures of Wall Street instead of helping out Main Street. Paulson to add insult to injury has even stated he will forget about Main Street and will help Wall Street. Untill the taxpayers revolt and put the feet to the fire of Bush, Paulson, Bernanke and our politicians, nothing will be done to help the homeowners. The Feds will punish the homeowners for their mistake but awards the thieves of Wall Street for trashing their companies with billions of dollars. We should all be demanding the culprits involved in this financial fiasco be arrested, fined and fired immediately. If these entities go down so be it, after all the CEOs have multi-millions they can fall back on, while Main Street has only his home that is of value to him.