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ElCid16 (98.07)

If someone gave my failing company $45B, I'd express gratitude too!

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March 04, 2010 – Comments (0) | RELATED TICKERS: C

Citigroup Chief Expresses ‘Gratitude’ to Bailout Panel

"Vikram S. Pandit, Citigroup’s chief executive, is expected to tell a government panel overseeing the bailout program on Thursday that the bank owes a “large debt of gratitude” to American taxpayers for stabilizing it with billions of dollars of federal aid.

"In a statement prepared for delivery before the Congressional Oversight Panel, Mr. Pandit stops short of a formal apology and does not highlight the specific errors that Citigroup executives made in the run-up to the financial crisis. But his testimony tries to turn the page on the bank’s past and get ahead of fierce questioning from the five-member committee."

http://www.nytimes.com/2010/03/05/business/05tarp.html?adxnnl=1&hpw=&adxnnlx=1267715254-w+NXb/DCthSWoeWr5zYSqg

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