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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

 
 
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Old 08-23-2011, 02:33 PM   #10
spence
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Join Date: Nov 2003
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Quote:
Originally Posted by JohnnyD View Post
Citibank received $300B in 2008. Again, it was received under Bush, so no, I'm not kidding.
U.S. Agrees to Rescue Struggling Citigroup - WSJ.com
That...and I believe S&P was already under investigation for ratings abuse on mortgage backed securities. Quite likely their president wouldn't have lasted long anyway.

As for picking a replacement that had received bailout money...didn't most of them?

The conspiracy theorists would say the downgrade was retrobution for the investigations.

-spence
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