Wednesday, April 29, 2009

They Have to Ask Permission?!?

More proof that government control of once-private [or in this case, publicly traded] corporations has gone too far is this opening sentence from a article:

"Citigroup Inc., soon to be one-third owned by the U.S. government, is asking the Treasury for permission to pay special bonuses to many key employees, according to people familiar with the matter."
Whether or not these bonuses are merited, and their size, is beyond my knowledge (I have my doubts), but to see a once-grand company have to stoop to asking the government if it can do what its peers sad.

This is more proof that "the borrower is servant to the lender." (Proverbs 22:7)

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