Just as predicted, Citi bank’s 45 billion in extorted taxpayer dollars is NOT ENOUGH to offset uncollectable debt, and mark-to-bubble Q1 earnings are not enough to create the illusion of solvency.

The angry masses may be temporarily assuaged by the ousting of silver-spoon board members, but so what? They may have to sell a few of their Villa’s in St. Martens and vacation in the Caymans (closer to their hoards of laundered cash) instead of the south of France this year.

Treasury Secretary Timothy Geithner said on April 5 that he’s prepared to oust executives and directors at banks that require “exceptional” assistance (what a lackey–this guy needs “exceptional assistance” to speak plainly).

Citigroup, led by Chairman Richard Parsons, 61, and Chief Executive Officer Vikram Pandit, 52, has already taken $45 billion of taxpayer money and MAY NEED MORE after the Obama administration reveals on May 4 how the 19 largest U.S. banks fared on stress tests being conducted by the Federal Reserve. (The stress tests will be watered down half-truths which won’t reveal the total insolvency of the mega-derivative holders–all designed to brace the public for the next round of bailouts).

Whalen says Citigroup, the third-biggest U.S. bank by assets, will be “ranked as one of the lowest” in the stress tests, which are designed to gauge whether lenders have enough capital to withstand a continuing economic crisis. (along with Wells Fargo and Bank of America – they’ll be rated bottom up from the highest derivatives holders to the lowest).

“The government needs to replace management at Citi,” Whalen told Bloomberg Television last week. “They need to clean out the board. It’s astounding to me that we haven’t done this already.”

http://bloomberg.com/apps/news?pid=20601087&sid=aID_zRZJmmqQ&refer=home

So the 45 billion that you won’t even live long enough to see THE INTEREST PAID ON is gone for good – sucked into the vortex of the international Hedge Fund Elite who are running the world through these banks.

6 months from now or 6 years from now, whatever the spin is, you can rest assured that short of a NEW AMERICAN REVOLUTION, like the one where we broke free from the tyranny of the British Empire and it’s slave colonies, your children’s future standard of living will crumble into a collapsed TAX HELL, and their children will work like slaves to pay the interest on more bailouts, through IMF special drawing rights or whatever vehicle or currency is devised to transfer any wealth derived from the sweat of their brows to the never-worked-a-day-in-their-life financial “Elite” who are running the world’s political systems through the control of their currencies.

Whatever is left over (after paying the municiple, state and federal taxes levied to pay the interest on Wall St. bonds) may put some stale rice, bananas and pork fat into children’s mouths, but their schools will be underfunded, their teachers poorly paid and useless, roads crumbling, and gasoline too expensive to transport them.

If you think the Depression was bad, just wait until you see what the new DARK AGE has to offer, as culpable governments, drawn into the web of deceit through their own complacency, corruption and graft, continue to bail out the global financial empire with your tax dollars.

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