With Citigroup's planned bankruptcy announcement late last night, we're now up to three in the number of companies that accepted bailout funds to avoid just this event. The bailout had infused $50 billion to Citigroup since December 2008.
Citigroup joins a distinct list of other poorly-run/mismanaged companies such as Chrysler and GM, who have taken OUR money to simply prolong the inevitable.
My compliments to everyone who dreamed up this wonderful bailout idea. Looks like it's really paying off.
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