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« VIDEO: Trump Threatens To Drop Obama Bombshell | Main | How Citigroup Unraveled On Tim Geithner's Watch »
Monday
Oct222012

Ex-Citi Chmn Complains About Dodd-Frank From His Winery In Tuscany

Speaking from his winery: 'Pandit was the right guy.'

Video just posted a few hours ago by Bloomberg.  Former Citigroup Chairman Richard Dick Parsons, who retired in April of this year, and last year awarded Vikram Pandit a multi-year retention plan worth more than $40 million, says from his new winery in Tuscany that Pandit's firing last week was 'appropriate.'

Banking analyst Mike Mayo destroys Dick Parsons (CNBC)...

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'Dodd-Frank is killing Wall Street.'

We couldn't make this up if we tried.  Parson complains about Dodd-Frank regulations while seated in the middle of his private winery in Italy.

Felix Salmon on Dick Parsons tenure at Citi...

 

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Reader Comments (8)

I have to get going on other stories, can someone post a link on how much Parsons made at Citigroup.
Oct 22, 2012 at 3:28 PM | Registered CommenterDailyBail
Reuters posted a story here earlier this year. Seems kind of cheap, but I really don't know.http://blogs.reuters.com/felix-salmon/2012/04/20/counterparties-catch-and-release-board-of-directors-edition/
Oct 22, 2012 at 3:43 PM | Unregistered CommenterSKINFLINT
don't you mean speaking from his whinery?
Oct 22, 2012 at 5:22 PM | Unregistered Commenterhunnert
+1 hunnert
Oct 22, 2012 at 5:45 PM | Registered CommenterDailyBail
Great link, thanks Skin.
Oct 22, 2012 at 5:46 PM | Registered CommenterDailyBail
Obama Has really Screwed The Middle Class with his policies and anyone who believe's that Dodd Frank fixed anything is just plain stupid. That legislation was nothing more then a big wet kiss to the banks.

‘The Biggest Kiss’
Mitt Romney was right: Dodd-Frank is a gift to big banks

http://www.weeklystandard.com/articles/biggest-kiss_655091.html


Obama has widened the gap between rich and poor

http://www.soxfirst.com/30394498/obama_has_widened_the_gap_between_rich_and_poor.php

Los Angeles: Welfare Cards for Illegal Immigrants

http://teapartyeconomist.com/2012/10/22/los-angeles-welfare-cards-for-illegal-immigrants/

Household Debt Falls But Only Because We're Defaulting

http://business.time.com/2012/10/19/household-debt-has-fallen-to-2006-levels-but-not-because-were-more-frugal/

To clarify, the “Obama Cell Phone” program has provided 269,000 poor Americans with free phones and monthly service at a cost of over $1.6 billion dollars to the taxpayer, a figure that keeps rising every year.

http://washingtonexaminer.com/where-do-obama-phones-come-from/article/2509203#.UGV76o1lTDU

Obama Mortgage Plan: Bailout by Any Other Name

http://nlpc.org/stories/2012/02/08/obama-mortgage-refinancing-plan-bailout-any-other-name

Inflation by any other name – Rising rents have pushed up the CPI to highest monthly change in three years. Shifting the Fed bailouts onto the working class and poor.

http://www.mybudget360.com/rental-inflation-rate-of-inflation-increasing-fed-policy-housing-market/

A Recovering Housing Market is Great News for Too-Big-To-Fail Banks

http://business.time.com/2012/10/18/a-recovering-housing-market-is-great-news-for-too-big-to-fail-banks/?iid=biz-main-lede

Your guide to sleazy Democratic Party-backed banks

http://michellemalkin.com/2012/07/18/your-guide-to-sleazy-democratic-party-backed-banks/

Get to work, Chucky Schumer!


In July, Fed Chairman Ben Bernanke testified to the Senate, where one of Fisher’s Harvard classmates, the ineffable Chuck Schumer (D-N.Y.), clearly hoping the Fed would give the economy a pre-election boost, exhorted Bernanke: “The Fed is the only game in town.” Good grief.

Two months after Schumer’s exhortation, the Fed announced a “highly accommodative stance of monetary policy,” meaning expanding the money supply by buying $40 billion of bonds every month for an undetermined number of years, lasting “for a considerable time after the economic recovery strengthens.”

http://www.washingtonpost.com/opinions/george-will-the-feds-mission-creep/2012/10/17/7bf8e96a-1877-11e2-9855-71f2b202721b_story.html
Oct 22, 2012 at 7:13 PM | Unregistered CommenterLiberatedCitizen

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