'Thank You': Citigroup Bank Boss Grateful to U.S. Taxpayers

The top executive at bailout recipient Citigroup today thanked the U.S. government for tens of billions of dollars in taxpayer support that helped the ailing bank survive the financial crisis. "Citi owes a large debt of gratitude to American taxpayers," Citigroup CEO Vikram Pandit said at a hearing before the Congressional Oversight Panel, a bailout watchdog group. As part of the government's bailout of the financial system, Citigroup received $45 billion in funds from the $700 billion...Full Story
Commenting on this article is closed.