Citigroup was involved in, and made money from, almost every link in the chain that resulted in the recent economic collapse.
And the banks executives, including the former Treasury Secretary Robert Rubin, were clueless about the reckless financial instruments they were creating. These are the people whom taxpayers bailed out on Monday.
The full story is here:
http://www.nytimes.com/2008/11/26/opinion/26friedman.html
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