The White House Can’t Justify Citigroup’s Billion Dollar Tax Break

December 16, 2009 at 7:26 PM Leave a comment

White House Press Secretary Robert Gibbs was asked today about the billions of dollars in tax breaks Citigroup was given in a “deal” to repay its TARP money (i.e. taxpayers are the big losers).

The guy hemmed and hawed but couldn’t justify a “quiet change to the law” that took place last Friday specifically for Citigroup.

What I want to know is since when are laws changed by essentially waving a wand? Where are the checks and balances?

Entry filed under: Financial Crisis. Tags: .

Tell Me the Democratic Base Isn’t Furious Pat Buchanan — MSNBC’s Main Man

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