No money for GM or CitiPosted: November 22, 2008
Give them anything: cold water, a beating, unpaid holiday in Siberia but no cash. They will pay each other more retainers, boni and retirement funds; and go home at 5.30.
Help the people who really got in trouble, pay workers, scrap or reduce VAT for December, pay health services, cut farm subsidies, allow more qualified immigration, invest in small companies, anything, but do not let the fat cats sleep one minute longer. Wake them up. It is market judgment day.
The Citibank sold my grandma a real estate fund as safe investment for her age. Now they froze the fund and ask her for new money.
Simple truth is they didn’t do their job. Out of greed and/or stupidity they ignored a basic universal law: Risk and profit are partners.
Let them suffer!