Citi-Group Bail-Out

Citi-Group Bail-Out: The Government is about to fork over hundreds of billions of tax payer dollars to once financial giant Citi-Group, while GM may never see its share of the $25 billion the Big Three have been seeking. What are your thoughts on the Citi-Group bail-out? Should the Government take care of one and not the other? Both?

I realize that we have already given Citigroup 25 Billion before. Unlike the Big 3, Citigroup will provide a service the Big 3 cannot; a product we can use. A Bank that provides credit, loans and banking service world wide vs. a promise of an electric / hybrid car that will probably never become a reality.

Citibank has a history of providing the customer with service, the Big 3 have a legacy of bad untimely products, arrogance towards their suppliers and schemes to divest themselves of underachieving subsidiaries that have ended up already costing the taxpayers millions.
Those recent examples include Delphi, Visteon, Mopar, the infamous but little known Peregrine Stamping that GM used to get rid of ten underachieving Fisher Guide Plants one of which became one of the state of Michigan’s worst environmental cleanups.
Why should we as tax payers continue to pay for the Big 3’s blunders as we have done so many times with many local tax payer bases already saddled with the legacy of closed GM, Ford, Chrysler, Delphi, Visteon and Mopar facilities with little hope of anything in return.