Tuesday, December 15, 2009

Citigroup Reaches Deal to Repay Bailout Billions

From the NYTimes:

Citigroup said Monday that it would repay $20 billion in
bailout money that it received from the Treasury Department,
after trying to persuade regulators that it was sound enough
to stand on its own.


Enough already, of this government nanny state! If they have the money to pay back the loan, let them! If they screw up and turn around and go out of business because they run their company stupidly, then let them! That's what happens in a free market economy. Trust me - the world will not end. Another company always slides in to take the place of the fallen.

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