{"id":87398,"date":"2009-12-17T17:18:33","date_gmt":"2009-12-17T22:18:33","guid":{"rendered":"http:\/\/seattletimes.nwsource.com\/html\/northwestvoices\/2010535676_citygrouprepayinggovernmentbailoutmoney.html?syndication=rss"},"modified":"2009-12-17T17:18:33","modified_gmt":"2009-12-17T22:18:33","slug":"citygroup-repaying-government-bailout-money","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/87398","title":{"rendered":"Citygroup repaying government bailout money"},"content":{"rendered":"<p><strong>And getting out of billions of dollars in taxes<\/strong><\/p>\n<p>Citigroup getting out of billions of dollars of taxes as part of repaying TARP funds is appalling and disgusting [\u201cCitigroup\u2019s payback milestone for industry,\u201d News, Dec. 15].<\/p>\n<p>Should someone be going to jail for corruption?<\/p>\n<p>Citigroup gets legislation after they purchase traveler\u2019s insurance, which after the fact legalizes the deal. Through expensive bailouts, Citigroup was kept from failing last year \u2014 almost failing because of inept management, lack of prudence in making loans and disregard of risk in making investments.<\/p>\n<p>Special legislation is not enough. Accounting standards have to be weakened so the bank doesn\u2019t appear to be insolvent. Still we go further and the government agrees to forgo billions of dollars in tax.<\/p>\n<p>This situation calls for jail time, not tax breaks.<\/p>\n<p>Meanwhile, I represent clients facing audits by the IRS. Although occasionally my clients\u2019 records aren\u2019t perfect, they may be down on their luck or near the end of their rope. What can I tell them? You\u2019re just a small guy, a peon who has to go with the flow?<\/p>\n<p>My previous strong support for the Obama administration is eroding fast. Corruption is coming out of hiding into the daily headlines.<\/p>\n<p><em>\u2014 Norman H. Roberts, Seattle<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>And getting out of billions of dollars in taxes Citigroup getting out of billions of dollars of taxes as part of repaying TARP funds is appalling and disgusting [\u201cCitigroup\u2019s payback milestone for industry,\u201d News, Dec. 15]. Should someone be going to jail for corruption? Citigroup gets legislation after they purchase traveler\u2019s insurance, which after the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-87398","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/87398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=87398"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/87398\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=87398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=87398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=87398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}