Senate committee digs for uncomman things around Citigroup and it finds a lot: Bowen, a manager, warned multiple times ahead of risky investments and he was completly ignored, for example by Rubin.
Ex-Citi execs 'sorry' for failing to see crisis
Same for Greenspan: he lingered as well with some pseudo-liberul "laissez faire laissez aller." Greenspan as well didnt have any guarantees. It all happened for GWB doing 180 days vacancies a year if u ask me. It was simply forbidden 2 do anythin reasonable.
Thursday, 8 April 2010
Citigroup: predictable disaster
Labels:
BANKING CRISIS,
Bowen,
Citigroup,
judicial subcommittee,
Rubin
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