Bailout

Obama Close to Buying Citibank to Preserve Great American Pastime

By USLaw.com

Rumors continue to circulate that Citibank Chairman Dick Parsons is huddling with Treasury officials at the White House complex to negotiate a significant increase in the government’s ownership of Citibank equity in otder to forestall the takeover that many feel will ultimately be necessary.

Purists hope to avoid a nationalization that can preserve the Great American pastime– capitalism unfettered by a public umpire paid by the fans.

(Today’s Bailout Humor Double Header by financial professional Cathleen Rittereiser.)

Full post as published by Bailout Report on February 24, 2009 (boomark / email).