Tag Archives: Citibank

Thank you Mr Yoder

Congress recently passed a giganormous spending bill. It was for over 1.1 trillion US dollars. That’s a lot of paper. In numbers it looks like this 1,100,000,000,000. That is more M and M’s than you can shake a stick at.
A lot of that loot goes to luxuries like food stamps, housing for the poor, homeland security, etc. But thanks to Congressman Yoder of Kansas, a fiscal conservative, some of that loot may be coming my way. Kansas, as you may or may not know, is now facing millions of dollars in debt as a result of the “Tax Cuts for Billionaires” program instituted by GOP governor Brownback. Have no fear, like Christie of New Jersey, Brownback intends to raid the public employees pension plans to make up the difference. It worked for Christie. Fiscal conservatism at its best.
But, back to Yoder.
Congressman Yoder was able to slip the Citibank bailout provision into the new budget. Written by Citibank and debated by …well…by no one. No time to debate. It was slipped in at the last minute. (Where are the howlers who were screaming at Obamacare because they only had 6 months to read it before the vote?) This provision allows Citibank (and others) to make those risky bets on certain derivatives and have those bets covered by the US taxpayer if they go bad. The same risky bets that helped lead to the financial meltdown and bailouts of..oh..many, many years ago. I can’t remember. Was it 1929 or something like that. Ancient history. Couldn’t happen again.
At any rate, I assume that because corporations are people that means people are corporations. Makes sense to me. Right?
So, as a corporate entity I plan to fly to Vegas. Las Vegas, Nevada.
I will take my life savings (too embarrassed to give you the amount) and place is all on number 43 . One spin of the roulette wheel. Win and I am a millionaire. (Well, maybe if I win 8 times in a row). All my money. One risky bet. What could be better? This….
And the best part is this. If I win, I get to keep my winnings. Hurrah!. If I lose I will claim I am a bank. I will claim I made a risky bet. The taxpayers will cover my losses. Then, guess what ? I can simply bet again.
So, thank you, Mr Yoder of the bankrupt state of Kansas. Thank you for looking out for the little guy.
Las Vegas, here I come.

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