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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)...


'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.

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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.”

Oct 22, 2012 at 7:13 PM | Unregistered CommenterLiberatedCitizen

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