Wednesday, December 5, 2012

That greedy CitiGroup is cutting 11,000 jobs

Citigroup to Cut 11,000 Jobs, Take $1 Billion Charge 

Citigroup Inc. (C) Chief Executive Officer Michael Corbat, who took over the bank in October, is cutting more than 11,000 jobs, scaling back operations in some emerging markets and taking a $1 billion charge this quarter in an effort to drive down costs.More here:

One would start to think that, maybe, perhaps, there's an outside chance that printing trillions of dollars out of thin air and Obama generating more debt that ALL PREVIOUS PRESIDENTS COMBINED might be a small problemo, no?

Nah, perish the thought, everything is fine.

It's just that greedy CitGroup is all ... trying to make filthy profits.

Folks, you've seen nothing yet ... and this depression has been going since 2007 or 2008.

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