The Minneapolis Firefighters and the Southern Louisiana Sheriffs have taken on CitiGroup and the Citi board and underwriters. It’s one thing to put up with the New World Order bankrupting your local communities. But, it is pretty galling to discover that they used your pension funds to finance it and — in the process — wiped out your retirement savings.
To make matters worse, while your retirement savings were disappearing, the Citi folks were cashing out their stock, including $30 million for Bob Rubin. To borrow a phrase from the great Norman Finkelstein, Rubin and the Citi board and management profits are “beyond chutzpah.”
