Report: Citigroup CEO Expected To Resign

AP   |   November 4, 2007 11:19 AM


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Citigroup Inc.'s board plans an emergency meeting on Sunday, and Chief Executive Charles Prince is expected to offer to resign, according to the Wall Street Journal.

The Journal cited people familiar with the situation.

Citigroup spokesmen declined to comment on the report.

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If the general public knew what was REALLY going on in the “banking industry” there would be a “run” the likes of which we have never seen. For sure, a full-blown depression would ensue and in fact, that is exactly where The United States is headed. What goes on behind closed doors in this corrupt banking industry is unspeakable!

The United States is not The United States anymore … financially, morally or in any other respect. The United States doesn’t own The United States and hasn’t for sometime now! As much damage as Bush has done to this country (and he’s done a lot of damage) he is not the only perpetrator! Truth be known, this country has been slipping away from prominence for sometime now and will continue down this path unchecked.

“We the people” are “owned” people. What part of us as individuals The United States doesn’t own (or want to own), other countries do!

Don’t look now folks but the average guy in this country is nothing more than a slave! Federal tax – State tax – Local tax - Gas tax – and have you ever stopped to think about all the “hidden” taxes we pay? It’s no wonder young people are so disillusioned today. If I were in my twenties, I’m sure I would feel this same despair.

This “news” about Citigroup’s CEO is a joke. This kind of scheme goes on all the time in the banking industry and is, to be sure, precisely calculated to be carried out in such a way that it will make the whole undertaking seem anything but what it actually is because what it actually is, is fraud!

"Checks and balances"? There's a joke! There is no such machine! Corruption here, corruption there, hey, corruption everywhere!

    Favorite    Flag as abusive Posted 11:34 AM on 11/05/2007
- dadw5boys I'm a Fan of dadw5boys 279 fans permalink
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CEO'S LOSING THIER JOBS.

WHEN IT WAS THE LOWLY PROPERTY APPRASIER WHO OVER VALUED THE PROPERTIES THAT CAUSED THE HOUSING CRISIS.

    Favorite    Flag as abusive Posted 08:06 AM on 11/05/2007
- nomoredead I'm a Fan of nomoredead 10 fans permalink

I still think something much larger than " defaulting on sub-prime loans " could cause the hundreds and hundreds of BILLIONS of dollars of losses around the globe. C'mon.....­. I don't think they are telling us everything.
Now when the going gets tough the ceo's get to walk away and not stay and clean up the mess !

    Favorite    Flag as abusive Posted 05:07 PM on 11/04/2007
- falco I'm a Fan of falco 19 fans permalink

Clever how they think we think this is bad when it is they (CitiBank) who bankrupt themselves. Like this guy is going to really suffer. It's all part of the plan folks - bankrupt your own companies, the little people are the only ones who suffer, the CEO's leave with multi-million dollar packages and are laughing all the way to the bank!!! Nice try! We aren't falling for it anymore! We already know your game, how the board memebers are all connected to all the other big banks and companies, how you all have so much money that none of this matters, how you are all following orders to take down the US economy. Good show!

    Favorite    Flag as abusive Posted 02:27 PM on 11/04/2007

His next job?

CEO of Bear Stearns?

Or Merrill Lynch?

    Favorite    Flag as abusive Posted 12:36 PM on 11/04/2007
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