Congressman Brad Sherman thinks taxpayers are getting screwed by Citigroup. After poring billions into the bank it looks like it is still sinking and it is not clear if the government can save it or if we are just throwing money at a lost cause.
The once almighty Citigroup is now getting a third lifeline from the U.S. Treasury. This new request follows on the heels of a Congressional Oversight Panel report revealing that Citigroup underpaid Treasury by about $19 billion in the first two bailouts. Congressman Brad Sherman is asking a couple of basic questions: 1. When will it stop? and 2. Can we get some of that money back?