11,000 Thank Yous Go Out to Obama

Yeah, we’re “poised to break out”, champ

Citigroup to Slash $1.1 Billion in Expenses; Cuts 11,000 Jobs

Citigroup on Wednesday announced plans to cut 11,000 jobs and close branches in a restructuring effort that will result in a fourth-quarter charge of about $1.1 billion.

Citi said the cuts come as it attempts to further reduce expenses and improve efficiency.

6 Responses to “11,000 Thank Yous Go Out to Obama”

  1. Syd B. says:

    I wonder if the Chairman of Citigroup is in favor of banning assault rifles?

  2. aelfheld says:

    Peter Orszag, Obama’s first director of the Office of Management and Budget is Vice Chairman of Global Banking at Citigroup.

    Along with ‘spreading the wealth’ this administration seems to be ‘spreading the incompetence’.

  3. Syd B. says:

    Speaking of incompetence, did you hear that Maxine Waters was made the ranking member of The House Finance Committee. Maxine Waters: the only Communist in the world that can’t pronounce “nationalize”.

    Lordy be. Where is this nightmare going?

  4. Ebola says:

    I’m assuming he means a herpes breakout.

  5. Yojimbo says:

    Does their severance package contain a free Obama phone?

  6. Kathy Kinsley says:

    @Yojimbo yeah – but you have to agree to a 50% tax hike to get it…

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