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!

Just days ago we reported about a proposal by the financial institutions to set up a program which would forgive up to 40% of consumers credit card debt if they were underwater with payments.

The Office of the Comptroller of the Currency, which regulates banking, came back and said:

The agency does not consider any plan that defers the timely recognition of loss as prudent, and any such proposal cannot be viewed favorably by us.

So let’s get this right. Spending over $100 billion to bailout AIG whom spends it on luxurious spa retreats for executives… Good! Spending money on the people who actually pay these taxes, the consumers… Bad!

…So much for our government being by the people, for the people.