And, yes, I DO take it personally: One wealthy tool of the elites steps down and another one steps in

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And, yes, I DO take it personally

Sunday, November 04, 2007

One wealthy tool of the elites steps down and another one steps in

meet the new boss, same as the old boss...

The board of Citigroup today accepted the resignation of its embattled chairman and chief executive, Charles O. Prince III, and appointed Robert E. Rubin, the former Treasury secretary, as its interim chairman, according to a person briefed on the situation.

of course, it would never occur to them that COSMETIC changes are not going to fix a systemic problem... 'course, as long as the biggies continue to rake in their daily mountains of cash no matter who else is being bled dry, they don't think they've GOT a problem... and so it goes...

Labels: Charles Prince, Citibank, financial markets, Robert Rubin, Treasury Secretary