WHAT'S $20 MILLION AMONG FRIENDS?

Another day another bailout.

As you have probably heard Congress has agreed to extend the bailout to Citigroup and will be taking over their toxic investments to the tune of $21 Billion.

I might be a cynic but I would have to think that the $20 million that Citigroup pays its Washington lobbyists every year might have something to do with them making the cut.

Maybe the Big Three auto firms need to get themselves better lobbyists.

The whole thing just continues to spin out of control.

One by one these corporations that have never given the consumer a break are getting bailed out.

Maybe Citigroup, Amex and all the other credit card companies might have thought about lowering their rates to give their clients a chance to get back on their feet.

No not them, and these are the same people asking and getting bailouts from the Government.

When did we lose control?

New York State is just as bad.

It continues to let the Authorities to run amok with little or no oversight.

Now it’s the MTA cutting service and raising rates with a tin can in hand up in Albany.

How soon before the TBA and the PA follow suit?

Authorities that were created to circumvent the system with specific objectives.

The MTA to manage subways and buses.

The PA to manage the ports.

The TBA to manage the bridges.

But we allowed these Authorities to branch out into real estate and investments with public money.

What has that have to do with bridges, subways and ports?

Why is the World Trade Center part of the Port Authority?

What does the tallest structure in New York have to do with the ports?

But in the future if they ever get it rebuilt and find that they have no tenants the government will be asked to either subsidize the building or move government employees from perfectly fine buildings into the site.

And the carousel of insanity continues.

And they wonder why we are going broke.