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Om
--- Begin Message ---
Title: Parting Thought - Citigroup
-Caveat Lector-

I just couldnt resist sending this out before I got on the plane to go to the Dominican Republic. I guess money laundering is now the determinant factor in corporate success. With this kind of a paradigm should we wonder why the world is destroying itself?

Citigroups Profits

“So lets start with the good news about Citigroup. Believe us, its a blockbuster money machine. It will probably make 16 billion this year, almost certainly beating out all other companies in the world. It deals in figures that boggle the mind, having spent, for example, about $20 billion in the past five years just buying its own stock. Its divisions chew up money, bestowing it on people who wont pay it back, yet earning profits that can hardly be believed. Citis imposing consumer business will write off something like $10 billion in bad debts this year, but it is still likely to add around $8 billion to the bottom line.”


-- Fortune Magazine cover story, Nov. 25, 2002




<A HREF="">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply.

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