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Hassan Nemazee: Schumer, Gillibrand Among New York Democrats Who Received Money From Alleged Fraudster

AP | Valerie Bauman | Posted 09.28.2009 | New York

Read More: Christine Quinn, Bill Clinton, Attorney General Andrew Cuomo, Hassan Nemazee, New York Democrats, Thomas DiNapoli, Citibank, Clinton Foundation, Kirsten Gillibrand, Rep. Scott Murphy, Charles Schumer, New York News

ALBANY, N.Y. (AP) -- Attorney General Andrew Cuomo, freshman U.S. Rep. Scott Murphy, and U.S. Sens. Charles Schumer and Kirsten Gillibrand are among t...

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TRAILER: My New Movie Capitalism: A Love Story

Michael Moore | Posted 09.20.2009 | Business

Read More: Morgan Stanley, Citizens Arrest, Goldman Sachs, Elizabeth Warren, Meltdown, Bowling for Columbine, Fahrenheit 9/11, Movie, Housing Crisis, Trailer, Unemployment, Bailout, Michael Moore, JPMorgan Chase, Citibank, Financial Crisis, Foreclosure, Stock Market, Wall Street, Bankruptcy, Bank of America, Credit Defaiult Swap, Aig, Sicko, Capitalism, Derivative, Merrill Lynch, Baron Hill, Henry Paulson, George W Bush, Marcy Kaptur, Capitalism: A Love Story, Business News
Michael Moore

It's a crime story. But it's also a war story about class warfare. And a vampire movie, with the upper 1 percent feeding off the rest of us. And, of course, it's also a love story. Only it's about an abusive relationship.

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Obama White House Doesn't Understand American Interest vs. Corporate Interest

Steve Clemons | Posted 09.13.2009 | Politics

Read More: Robert Rubin, Corporate Real Estate, Small Business Administration, Bank Recapitalization, George Soros, Citibank, Timothy Geithner, US Economy, Lawrence Summers, Barack Obama, Politics News
Steve Clemons

The Obama administration's approach to trying to move the economy forward demonstrates a fundamental misunderstanding about how corporate behavior works.

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Citigroup Proposed Reverse Stock Split: Didn't They Learn Any Lessons from AIG?

Michael Russnow | Posted 09.08.2009 | Business

Read More: Met Life, Bob Benmosche, Abc, Citigroup, Russnow, Nbc, Twitter, Anderson Cooper, Cbs, Wall Street Journal, Facebook, Metropolitan Life Insurance, Msnbc, Aig, Cnbc, Cnn, Michael Russnow, Fox News, Ram Productions, Citibank, Reverse Stock Split, Business News
Michael Russnow

For God's sake, let the company continue to mend and slowly work its way back to financial health without methods that are historically unhelpful to the stock value.

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How California Could Turn Its IOUs into Dollars

Ellen Brown | Posted 08.22.2009 | Business

Read More: Bank of America, Ious, Wells Fargo, Citibank, Banking Crisis, Bank Bailout, California Budget Crisis, Arnold Schwarzenegger, State Bank, Bank of North Dakota, Business News
Ellen Brown

If the state were to deposit its money in its own state-owned bank, it could have enough credit to solve its budget crisis with funds to spare.

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Restructure, Don't Revive, the Broken System

Mike Lux | Posted 08.03.2009 | Business

Read More: Morgan Stanley, Citibank, Financial Crisis, Goldman Sachs, Banking Reform, 2009 Obama Administration, Banking Regulation, Business News
Mike Lux

What is being recreated in front of our very eyes is the exact same system with the exact same problems that led to our financial collapse in the first place.

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AIG Proposed Reverse Stock Split: Shareholders Should Vote This Down as a No-Brainer

Michael Russnow | Posted 07.28.2009 | Business

Read More: Abc, Citigroup, Russnow, Wells Fargo, Stock Market, Twitter, Nbc, Ram Productions International, Cbs, Insurance Companies, Cnbc, Aig, Cnn, Stimulus Package, Michael Russnow, Citibank, Bankruptcy, Ibm, Financial Crisis, Today Show, Personal Finance, Youtube, Fox News, Business News
Michael Russnow

This 1:20 split smells, to me, a bit too rancid for the ordinary shareholders, not to mention the U.S. public who are hoping to recover their investment.

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CITIGROUP PLANS TO RAISE EMPLOYEES' BASE PAY

MSNBC | Posted 07.26.2009 | Home

Read More: Citibank, Citigroup Plans to Raise Employees Base Pay, Citigroup, Home News

Citigroup Inc. is increasing the base salaries of many employees - reportedly by as much as 50 percent for some workers - as it restructures their com...

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How to Live on $0 A Day: Taking Your Life Back From Creditors

Lesley Stern | Posted 07.24.2009 | Comedy

Read More: JPMorgan Chase, Humor, Satire, Amex, Economy, Economic Crisis, Bank of America, Citibank, Financial Crisis, Credit Crisis, Credit Card Debt, Credit Rating, Comedy, Personal Finance, Financial Advice, Bailout, Comedy News
Lesley Stern

Say you stop wasting your entire unemployment check on the hedonistic pleasure of protecting your precious credit rating. Instead, you're going to try eating, and maybe splurge on health insurance.

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Credit Card Companies Settle For Lower Balances

nytimes.com | DAVID STREITFELD | Posted 07.17.2009 | Business

Read More: American Express, Bank of America, Citibank, Credit-Card-Delinquency-Rates, Credit Cards, Credit Card Debt, Hsbc, Business News

The banks were bailed out last fall, the automobile companies last winter. For Edward McClelland, a writer in Chicago, deliverance finally arrived a f...

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A Republican to Save Us

Robert Scheer | Posted 07.10.2009 | Business

Read More: Tarp, Corruption, Law, Geithner, Fdic, Bush, Money, Clinton, Economy, Scheer, Obama, Government, Politics, Bailout, Citibank, Rubin, Sheila Bair, Business News
Robert Scheer

You probably don't know much about Sheila Bair, but she is looking out for you, and that is why the big guys on Wall Street and their allies in the Obama administration are out to get her.

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10 Things You Need to Know About Banks and Credit Cards

Francine Hardaway | Posted 07.06.2009 | Business

Read More: Citibank, JPMorgan Chase, Predatory Lending Practices, Credit Cards, Aurora Loan Services, Credit Card Reform, Principal, Credit Card Companies, Banks, Credit Card Debt, Business News
Francine Hardaway

Even if they printed the disclosure in 18 point type, you wouldn't know what was going to hit you from behind. You will need to know what I've found out about banks and credit card companies.

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We Are Not AIG

Ciara Torres-Spelliscy | Posted 06.13.2009 | Business

Read More: Tarp, Elizabeth Warren, Aig, Citibank, Financial Crisis, Bailout, Aig Bonuses, Business News
Ciara Torres-Spelliscy

Government ownership of big portions of the economy could threaten democracy; for one thing, it creates massive conflicts of interest for those who manage bailed out companies.

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Citi Could Need $10 Billion In New Capital

Wall Street Journal | DAVID ENRICH and DAMIAN PALETTA | Posted 06.01.2009 | Business

Read More: Citi, Stress Tests, Stress Test Results, Citibank Capital, Citibank, Business News

Citigroup Inc. may need to raise as much as $10 billion in new capital, according to people familiar with the matter, as the government continues nego...

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Credit Card Summit: "Charge!"

Rick Horowitz | Posted 05.25.2009 | Business

Read More: American Express, Obama and Credit Cards, Bank of America, Credit Cards, Visa, Barney Frank, Bank and Credit Cards, Citibank, House of Representatives and Credit Cards, Bank Bailout, Mastercard, Barack Obama, House Financial Services Committee, Obama Administration, Business News
Rick Horowitz

Wasn't the government shoveling billions of dollars at these very same banks to help them? And to pick this moment to stick it to the people with higher interest rates, and lower credit limits, and hidden fees?

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Bank Profits Mask Economic Peril Still Lurking

Washington Post | Binyamin Appelbaum | Posted 05.19.2009 | Business

Read More: Banks, Citigroup, JP Morgan, Bank Earnings, Economy, Citibank, Business News

Citigroup announced a surprisingly strong first-quarter profit yesterday, the latest bank to report a sharp improvement from the disastrous final mont...

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Citigroup Credit Losses Rising Rapidly

Calculated Risk | Posted 05.18.2009 | Business

Read More: Citibank, Financial Crisis, Banking Crisis, Economy, Citigroup Credit Losses, Citigroup, Business News

First, Citi has committed to "tell the market exactly" the results of the stress tests: [I]t made sense to delay the launch of the exchange offer...

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Banks Declare War on America

Robert S. McElvaine | Posted 05.16.2009 | Business

Read More: Greed, Populism, Bankruptcy, Capitol One, Economic Crisis, Bank of America, Recession, New Depression, Credit Cards, J.P. Morgan Chase, Credit Card Rate Increases, Citibank, Financial Crisis, Banking Crisis, Banks, Class Warfare, Amex, Great Depression, Business News
Robert S. McElvaine

These rate increases -- some to as high as 29 percent -- are exactly the opposite of what the bad economy needs for recovery.

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The Geithner-Summers Plan is Even Worse Than We Thought

Jeffrey Sachs | Posted 05.07.2009 | Business

Read More: Toxic Assets, Larry Summers, Obama Stimulus Plan, Timothy Geithner, Geithner Summers Bank Plan, Geithner Summers Task Force, Larry Summers Geithner, Geithner Summers, Wall Street Bailout, Bailout, Tim Geithner, Bank Bailout, Geithner Summers Obama, Citibank, Geithner Plan, Geithner, Jeffrey Sachs, Business News
Jeffrey Sachs

Geithner and Summers tell us that their plan is the only option, but without a word of further explanation as to why. Let them explain to America why the other proposals are not being pursued.

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A Crime to Make Money

Paul Jenkins | Posted 04.19.2009 | Politics

Read More: Fed, Taxes, Rush Limbaugh, Charles Rangel, Connecticut, Chris Dodd, Democratic Party, Barack Obama, New York City, Chas Freeman, Robert Rubin, Goldman Sachs, Merrill Lynch, Bank of America, Elections, Aig, Andrew Cuomo, Bailout, Countrywide, Finance, Tim Geithner, Citibank, Israel, Treasury, Ben Bernanke, Housing Crisis, Wall Street Bonuses, Chuck Schumer, Bernie Madoff, Republican Party, Senate, Politics News
Paul Jenkins

It seems to have finally dawned on government leaders that bonus recipients are not the only ones who should be afraid.

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Citigroup Dividend Payments Still Ongoing

Huffington Post | Julie Satow | Posted 04.17.2009 | Business

Read More: Citi, Citi Preferred Shareholders, Dividends Citigroup, Citigroup Preferred Shareholders, Sovereign Wealth Funds Citigroup, Citibank, Citigroup Dividends, Citigroup, Citigroup Sovereign Wealth Funds, Citigroup Dividend, Citigroup Preferred Dividends 2009, Citigroup Pays Dividends, Business News

Contrary to popular perception, Citigroup is continuing to make dividend payments. The bank, which received $45 billion in bailout funds last year, ...

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Alexander Hamilton's Scorn: Reflecting on AIG, Goldman, Hank Paulson and Bob Rubin

Steve Clemons | Posted 04.16.2009 | Politics

Read More: Alexander Hamilton, Bank of New York, Department of the Treasury, Hamilton Project, Executive Bonuses, Barack Obama, Lawrence Summers, Robert Rubin, Goldman Sachs, Aig, Citibank, Tom Daschle, Henry Paulson, Timothy Geithner, American Financial Crisis, Nancy Killifer, Ron Chernow, Politics News
Steve Clemons

While many are criticizing the gross AIG taxpayer-funded bonuses of senior executives, the truth is that this kind of corruption is relatively small time -- even at $165 million -- and was predictable.

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Citigroup Nominates 4 Directors

AP | Posted 04.16.2009 | Business

Read More: Citibank, Citigoup Directors, Citigroup CEO, Directors Citigroup, Citigroup, Business News

NEW YORK — Citigroup has nominated four new independent directors _ including two former bank chief executives and two other financial experts _...

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Jason Linkins

Iraqis To Get Banking Advice From Zombies

HuffingtonPost.com | Jason Linkins | Posted 04.10.2009 | Politics

Read More: Citibank Losses, Iraq War, Economic Crisis, War in Iraq, Citibank, Financial Crisis, Iraq, Politics News

You know, with all the trouble we've been having with the economy here at home, chances are that concerns over who advises the Iraqis on their banking...

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Dow ends up nearly 380 on Citigroup profit news

AP | SARA LEPRO and TIM PARADIS | Posted 04.10.2009 | Business

Read More: Tuesday Stock Market, Vikrim Pandit, Citigroup Profit, March Stock Market, Citibank, Business News

NEW YORK — Wall Street snapped out of its stupor and posted its best performance of the year Tuesday, finding a badly needed glimmer of optimism...

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