Citigroup's Rescue Means More Trouble in the Banking Industry

More Bailouts for Banks

No bailout for the auto industry without their "plan" being approved on Capitol Hill, but more bailouts for more banks. The latest, Citigroup. This is a huge sign that regulators have understimated the depth of our financial troubles. Everyone says it will get worse before it get's better. That just means hold on for worse news until we tell you it's getting better.

Citigroup's Intended Purchase of Wachovia

I keep askng myself, how was Citigroup going to purchase Wachovia? Was that just a show? Do they really need a bailout or is this just a show? Why do we not require more as they are asking of the auto industry? And who's paying for this? What's this huge stimulus on board for the Obama Administration January 21st? Who's paying for that? I know our deficit is huge, but as long as we the American people don't get the short end of the stick, so be it. We can recover as we did after the Wall Street Crash of 1929, Black Monday in 1987 and Black Week of October 2008. We just need strong consumer confidence, a government with a plan and a time of reckoning for all involved who have been living beyond their means with no regard for reality.

Citigroup's Plan to Help Homeowners

Despite Citigroup' economic woes, the failing's bank plan to help homeowners facing foreclossure is still in force. For more information on this plan, view the video below.

http://www.charlotterealestateforeclosures.com/0047B4