Home Pop Culture Citibank would like to blame the NYPD for having 23 of their...

Citibank would like to blame the NYPD for having 23 of their ‘customers’ arrested for trying to close their accounts.

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Here's an interesting dissection of Citi's stock chart since 1993. Have a read of what one blogger thinks: I love this image. This graph depicts the price for a share of Citibank stock between 1988 and 2010. When Bill Clinton took office in January 1993, Citibank stock traded for about $4.10 per share. The lie of Clinton/Bush free market neoliberalism is that the stock market will go up forever, and the economy will grow forever. So long as the politicians remove regulations & taxes, the market will be a wealth-creating machine. On paper, Citibank's profits were big, but the profits themselves were a lie. In reality, the bank was making all its money selling worthless mortgages. Sure, in the short term, the price peaked at $53 in 2007. But in the long run, it's only worth about $4 per share.-Andy K.- 4.bp.blogspot.com/.../ s1600/Citibank.jpg

If you payed attention to the video, you will have noticed that the customers/vigilantes (yes, like you I am still torn as to what to call these 23 individuals and I am afraid on technical grounds I may have to side with the keepers of the established power structure peace, as to the actual definition of these 23 individuals who had according to them arrived with the express intent of closing their bank accounts and perhaps making a shiny mockery of Citibank on their dime -little did they expect that the cops or Citibank would let them waltz away on this one) were not being disruptive and in fact remained calm, save for one woman who claims she was mistakenly forced inside and arrested. At least she could have been civil and low key about having her civil liberties betrayed. Alas.

What has to be understood, despite the author’s pretense for apathy for social discord and the public castigation of the banks themselves is the real threat that if more and more people actually go to these institutions and remove their funds and swap them into other entities that have some shred of conscience they will as long as this course of action persists and multiplies itself nation and world wide find themselves on their knees completely naked and on the precipe of destruction.

So perhaps arresting these people has more to do with preserving the banks autonomy and very survival rather than the very interesting idea that all the security guards and cops were trying to do was put a sudden frenzy session of customers/vigilantes into quarantine mode. Who really needs to be quarantined are the banks, but that’s just the humble opinion of an individual with hardly a dime to his name.

Such are the affairs of modern day America bristling with self hate and apathy towards the haves and the have nots on a sullen Saturday afternoon.

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2 COMMENTS

  1. It was planted undercover police who were causing the fracas, thereby giving CitiBank and NYPD ‘a reason’ to arrest people – entrapment for sure! Remember when the NYPD were the good guys?

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