Thursday, June 25, 2009

Citigroup pulls another fast one

In a bid to maintain the title, "Masters of the Universe," Citigroup Inc. is increasing the base salaries of many of its employees - reportedly by as much as 50 percent for some workers - as it raises the stakes in the game of financial chicken with the Obama administration.

Taking a bead on the center stripe of the financial two-lane blacktop, "[t]he Obama administration reacted by pledging to aggressively implement a new law governing compensation at companies like Citigroup that have received billions of dollars in taxpayer-funded bailout support." according to the AP via Yahoo News.

Anybody want to dispute that those banksters aren't indeed the "best and the brightest"?