Citibank is trying to gain regulatory permission for a $15B equity offering so that it can try to repay the TARP bailout money it received for its part in the largest swindle in history.

So they’re borrowing money to pay back more borrowed money. It would be funny (like stupid-funny), if it weren’t such a crime.

Citi borrowed money from the government who stole it from the people.  The American government stepped in and handed $20B to Citigroup despite overwhelmingly public opposition to corporate bailouts (depending on who you ask, this was either the result of collusion or blackmail).

Now, Citigroup would like to offer us — the public — the opportunity to buy equity shares. The proceeds of this sale will then be used not as productive capital, but to simply repay the Government for the “loan” they granted of our money and without our permissions.

Citi is trying to sell equity to the people in order to raise cash to repay their “loan” from the government. And if the people don’t buy up these shares, the FED will. Either most of us are totally f*cked.

The men and women who were robbed (the first round cost an average of about $5,000 per taxpayer) by Uncle Sam to finance Citi’s TARP life support are not going to be “repaid”, instead the money will just be Hoovered up by the Government. The Government has no intentions of giving it back to us.

It’s a shell game. And we’re the marks.