Uh, Thanks: Too Big to Fail, But Now That It Has It's Ours

Abby Zimet

In what analysts are calling a bold move to save one of the country's biggest, floundering banks, the Treasury Department is upping its stake in Citigroup from 8 to 36 percent. That means taxpayers, who have given them $45 billion in bailout money, will now be Citigroup's largest shareholder. And this is supposed to be good news? Kinda reminds us of the Trojan Rabbit in Monty Python's Holy Grail.


This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Won't Exist.

Share This Article

More in: