Free Republic

This week financial news organization CNBC gave some mainstream attention to the largest money laundering and racketeering lawsuit in United States History, in which “Banksters” and their U.S. racketeering partners are being accused of laundering of 43 trillion dollars worth of ill gotten gains. The lawsuit is said to involve officials located in the highest offices of government and the financial sector. Since this information was surprisingly revealed by the mainstream news organization there has been a very suspicious and deadly fallout at the CNBC headquarters. Within hours the original page for the article was taken down, and CNBC senior...

Citigroup‘s board said on Tuesday that Vikram S. Pandit had stepped down as chief executive, effective immediately, and will be succceeded by the head of the bank’s European and Middle Eastern division, Michael L. Corbat. John P. Havens, the bank’s president and a longtime associate of Mr. Pandit’s, has also resigned. The surprising move by Mr. Pandit comes just one day after the firm reported stronger-than-expected third-quarter earnings. Excluding a number of onetime charges — including a big loss tied to the continued shedding of the Smith Barney brokerage — Citigroup earned $3.27 billion, or $1.06 a share. That bested...

BY MATTHEW SALTMARSH AND ERIC DASH Citigroup capped a devastating 2008 by announcing Friday that it would split into two entities and that it had posted an $8.29 billion loss for the fourth quarter. Citigroup confirmed that it would divide, for management purposes, into two separate businesses — Citicorp and Citi Holdings. “We are setting out a clear road map to restore profitability and enable us to focus on maximizing the value of Citi,” it said in a statement with the earnings. Citigroup also issued a statement from its lead director, Richard D. Parsons, signaling that changes in its board...