What is Citigroup Using Your Bailout Money For?
The government (our money) put over 306 billion (that’s with a “b”) dollars of liability on the line to bail out Citigroup alone. So what are they doing with that money? Well one thing they’re doing is suing a little mom and pop pawnshop for alleged copyright infringement.
Last week Citigroup filed suid against a Brooklyn pawnshop that goes by the name All Citi Pawn. They aren’t only suing for the use of the name and logo (which the owner voluntarily changed!) they are suing for all of the profits from the start of the business.
Citigroup is using your bailout money to stimulate the economy… the economy for frivalous lawyers!
