Monday, May 9, 2011

Morgan Stanely Upgrades Citigroup!

There just seems something odd about one corporate welfare recipient receiving a blessing from another corporate welfare recipient where both of them wouldn't even exist without  a buy-out for one and  dipping into the public coffers for the other.  I put this right up there with all those AIG soccer sponsorships that continued through 2009 as the company wouldn't of had any chance to exist on its own without welfare from taxpayers.  I wonder when the public will see this financial industry for the scam it is—bubble after bubble, scandal after scandal, conflict of interest after conflict of interest, it just seems to churn along thanks to high-priced lobbyists and a few turns of some very blind eyes.