Tag recession

Citi’s Internal Memo on Repaying Bailout Money.

Touching memo,but syrupy corporate mumbojumbo.Serving customers for their needs sound altruistic.But do they really do it, with hidden financial charges and heavy penal interests for delayed payment?.Nor does the memo say any where that the Bank shall follow sound financial practice of lending to those who are in need and also who are capable of repaying.Emphasis seems to be more on catching with competitors than with sound financial management..What about the perks of their executives?Are they going to follow Goldman Sachs with bonuses?
They should be penalized for having mismanaged to the extent of making the Federal govt. loan Citi to tide over their incompetency, though they have made arrangements to repay..
Time that these corporates are made accountable.Mere expression of gratitude will not suffice.

15 Signs American Society Is Coming Apart at the Seams

These indicators relate to Economy.
But the real danger to American Society lies in loss of Family Values,Loss of Faith,too much Materialism,Spending beyond means, break up of Families,Gun culture,Drug addiction,Unwed mothers and living life to the full for the day as if there is no tomorrow.
If these fundamental misconceptions are corrected, Economy will take of itself.Time to wake up.Don't go the Roman Way.