"Citigroup puts up 4 nominees for board seats" by Bloomberg News | March 17, 2009
NEW YORK - Citigroup Inc., whose biggest shareholders may soon be US taxpayers, nominated four new board members in a government-induced shake-up after the Obama administration orchestrated the bank's third rescue attempt in five months....
The government pressed Citigroup to revamp its board to show Wall Street and the public that companies face consequences when the United States is forced to take extraordinary steps to save them, an administration official said last month. Treasury last month agreed to take a 36 percent stake in the bank after a $45 billion government infusion failed to stem losses....
--more--"I'm simply tired of being looted and lied to, aren't you, readers? Compare with the posts around you (start with the AIG fart mist).
