Had enough politics yet? The Republicans have been shoveling it deep and stinky this week, and next week it's the Democrats turn. Oh joy.
I see that Citibank has agreed to pay $590M to investors they defrauded by selling them near-worthless sub-prime loans a few years back. So they make a couple of billion gross profit, they give back $590M...pretty sweet, huh? Nowadays banks just figure in fines and lawsuit settlements as part of the cost of doing business. Just like the light bill and the phone bill. I guess this is the new Business 101.
Just curious....Do politicians start out in banking to learn the art of sleaze, or do bankers learn how to defraud people with a straight face after doing a stint in Washington?
All is not lost, though. There is some good news out there: It's football season! And I mean REAL football....college football! You know, the kind where your team finishes the season with the same players it started with. Where players play for the love of the game. And a new car and a couple of thousand dollars a month "laundry money". *wink*
S
