Global Power Project, Part 7: Banking on Influence with Citigroup by Andrew Gavin Marshall

Bankers = blood sucking parasites #march26 #26march #ukuncut

Image by Trucknroll via Flickr

by Andrew Gavin Marshall
Writer, Dandelion Salad
andrewgavinmarshall.com
Originally published on Occupy.com
July 24, 2013

In the second quarter of 2013, the third-largest U.S. bank by assets, Citigroup, posted a 42% increase in profits which CEO Michael Corbat praised as a “well balanced” result of “cost cutting” programs, including the firing of 11,000 workers.

This big bank has a sordid history of predatory profiteering and criminal activity, not unlike all the other large banks. In the early 20th century, what was then National City Bank was the main bank for the Rockefeller Standard Oil interests. Continue reading