Citigroup to fire another 30,000 or more

While predictable, when is there going to be a serious discussion about former CEO Prince and his massive payout? Surely there was something in his contract about all of that being based on real business, no? If not, the lawyers need to be first on the list to be fired. The worst of it is that the same board members who brought him in and sent him packing with a healthy chunk of change won't ever say anything. It's just a cozy little network where friends just don't call out friends no matter how bad their record may be. How's that for an efficient "free market" system?

The corporate world consistently shuns any and all responsibility for their actions. Do not forget this when Paulson's friends start talking in more detail about their bailout that is not to be called a bailout. With more bad news still to come, they're going to want to move quickly enough though the American people have already crossed the tipping point. Polling is heavily against any bailout so brace yourself for how they spin it and rename it. It's coming, that much is for sure.