Government Report: Citigroup Still too Big to Fail

The Inspector General of the Troubled Asset Relief Program (TARP) recently released a report stating, "When the Government assured the world in 2008 that it would not let Citigroup fail, it did more than reassure troubled markets -- it encouraged high-risk behavior by insulating risk takes from the consequences of failure." The report also says that Citi is still too big, too interconnected, and too vital to global finance to be allowed to fail.


So now even the government admits that the system is government protection of the rich, and free markets for the rest of us.