Monday, February 16, 2004

OH LORD

I've written before about what kind of global corporate citizen Citigroup has been through the years: laundering money for the Russian mafia, Mexican drug cartels, and Middle East terrorists; underwriting the South African Apartheid regime; spawing financial crises throughout the developing world; lobbying the government to deregulate the financial industry and then rewarding the Treasury Secretary (Robert Rubin) and the number two official at the IMF (Stanley Fischer) with cush executive jobs; and so on.

Now, the WSJ reports, the Bush administration is granting Citigroup monopoly rights for all import-export financing in Iraq.

I'll say it again: Oh Lord.

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