Helping Citigroup Help Itself

For all his rhetoric about “fat cat bankers,” President Obama seems to have thrown them a lifeline as they race to get out from under their government debt.

The Treasury Department is apparently letting Vikram Pandit and Citigroup keep a $38 billion dollar tax break, as a helpful way for them to exit the strictures of their TARP loans. It would seem to undermine the administration’s claim that, in the end, we’re all turning a profit on the bailout.

Helping Citigroup Help Itself