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1. Forget political power, look at economic power. “Today, I’m coming to the floor not to talk about Democrats or Republicans, but about a third group that also wields tremendous power in Washington: Citigroup.
4. Citigroup spends millions to get billions from taxpayers. “Citigroup has a lot of money, it spends a lot of money, and it uses that money to grow and consolidate a lot of power. And it pays off. Consider a couple facts… During the financial crisis, when all the support through TARP [2008’s Troubled Asset Relief program] and from the FDIC [Federal Deposit Insurance Corporation] and the Fed [Federal Reserve system] is added up, Citi received nearly half a trillion dollars in bailouts. That’s half a trillion with a “t.” That’s almost $140 billion more than the next biggest bank got.”
8. Citigroup’s activities are the very definition of corruption. “We’re watching as Congress passes yet another provision that was written by lobbyists for the biggest recipient of bailout money in the history of the country. And it’s attached to a bill that needs to pass or else the entire federal government will grind to a halt. Think about this kind of power. A financial institution has become so big and so powerful that it can hold the entire country hostage. That alone is a reason enough for us break them up. Enough is enough.
9. Meanwhile, Washington isn’t working for the middle class. “Washington
already works really well for the billionaires and big corporations and
the lawyers and lobbyists. But what about the families who lost their
homes or their jobs or their retirement savings the last time Citi bet
big on derivatives and lost? What about the families who are living
paycheck to paycheck and saw their tax dollars go to bail Citi out just
six years ago? We were sent here to fight for those families, and it’s
time—it’s past time—for Washington to start working for them."
She and Bernie Sanders are so great!!! Thank You!
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