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To: dennisw

You’re gonna love this little stunt. After taking hundreds of billions of dollars, Citigroup and pals use it to stockpile cheap oil to sell back to us when the prices go up. Bailout supporters will claim it was a loan that will be paid back. (last I recalled a loan required that the loaner give permission). In reality it’s like being mugged and the mugger buying goods to sell them back to his victim at a higher price.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZSSMtC6ynNY


53 posted on 02/01/2009 8:15:24 AM PST by cripplecreek (The poor bastards have us surrounded.)
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To: cripplecreek
Citigroup and pals use it to stockpile cheap oil to sell back to us when the prices go up.

Darn that bank, they should lose money instead. That'll help them pay back the bailout loans.

54 posted on 02/01/2009 8:38:46 AM PST by Toddsterpatriot (Havoc has been back since September. Or was it April?)
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