Monday, December 1, 2008
Citibank Buys Spanish Highways!
http://www.marketwatch.com/news/story/citi-fund-buying-spanish-highways/story.aspx?guid=%7BC58D2714-519F-4995-98EA-3CFBA8BF1681%7D&dist=TNMostRead
"Citi Infrastructure Partners is buying most of Itinere Infraestructuras from Sacyr Vallehermoso (ES:018287021: news, chart, profile) , a Spanish construction group eagerly trying to shed debt as the Spanish housing market weakens. "
Oh man oh man! Is citi TRYING it's level best to make the American public angry with it???
Bad enough when taxpayer dollars were going to big banks, and they bought out the little American Banks...
Now Citi is taking that bailout money and using it to bailout a struggling Spanish Highway company? (Itinere)
I've said this once, and I'll say it again. Paulson should have criminal charges pressed against him.
America's bailout money, approved by congress to help the average American and his debt, is going to shore up Spain's failing infrastructure.
I'm ANGRY... and I'm not even American! I wonder how they are taking it?
Ooh. Citigroup shares just fell 10%... I guess we have our answer right there folks.
Labels: Bailout, Citigroup, Giving Incentives to FAIL
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