Citibank: America’s Welfare Queen
A few years late, they finally get around to telling us that America’s Dumbest Bank, Citi-(corp/group/bank/etc., depending on the day), should have been shut down and placed in receivership back in 2008. Of course, that determination was based on niggling “objective criteria” like, say, “solvency” and “liquidity,” which are nice ways to convey that then-(and [...]