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...

Comments

[DailyBail]

More recent clips from Parson:

http://search1.bloomberg.com/search?content_type=video&max_age=0&page=1&q=parsons&sort=1&template=tv

[DailyBail]

I have to get going on other stories, can someone post a link on how much Parsons made at Citigroup.

[DailyBail]

http://en.wikipedia.org/wiki/Richard_Parsons_(businessman)

[SKINFLINT]

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/

[hunnert]

don't you mean speaking from his whinery?

[DailyBail]

+1 hunnert

[DailyBail]

Great link, thanks Skin.

[LiberatedCitizen]

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