Citigroup’s Capitulation

The market has given a resounding thumbs-down to Citigroup’s capitulation to socialist policies. Or maybe capitulation is the wrong word since these unprincipled bankers actually seem to believe that letting the government take a significant ownership stake in their bank will somehow help the bank and the country.

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But Citigroup has long leaned left so it really shouldn’t be much of a surprise that it is now being ideologically consistent. I wrote about Citigroup, the Big Government lovers’ bank that funds just about every trendy left-wing cause in America, in the American Spectator a few months back.