{"id":8902,"date":"2014-07-14T18:41:51","date_gmt":"2014-07-14T18:41:51","guid":{"rendered":""},"modified":"2014-07-14T18:41:51","modified_gmt":"2014-07-14T18:41:51","slug":"citigroup_and_crony_capitalism","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/","title":{"rendered":"Citigroup and Crony Capitalism"},"content":{"rendered":"<p><a href=\"\/\/videos\/37\/61046\" target=\"_blank\"><img class=\"alignright\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg\" alt=\"Listen to it Button\"><\/a><\/p>\n<p>RUSH:  Nat in Falls Church, Virginia.  Nat, thank you for calling.  Great to have you here.  Hello.<\/p>\n<p>CALLER:  Hey, Rush, good to talk to you.<\/p>\n<p>RUSH:  Thank you.<\/p>\n<p>CALLER:  So this is a little off topic, but I heard you mention it before.  So it\u2019s all in the news today that Citigroup is being fined $7 billion for the subprime mortgage crisis in 2008.<\/p>\n<p>RUSH:  Yeah.<\/p>\n<p>CALLER:  The media is putting it forward like it\u2019s a big deal. You know, they really paid for it. But I just wanted to point out to you and to all your listeners that the Federal Reserve gave Citigroup $2.5 trillion in 2008, and that $7 billion comes out to about 0.28% of what they received from the Federal Reserve. Not the government, not TARP, the Federal Reserve, which is made-up currency. So I think that\u2019s important to keep in context.<\/p>\n<p><img id=\"eZObject_93376\" class=\"aligncenter\" align=\"middle\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/FederalReserveMoneyCitigroup.jpg\"\/><BR\/>RUSH:  Good point, but let\u2019s go back.  Before TARP, or at the same time as TARP (I think it\u2019s actually a little bit before TARP and before the financial crisis bailouts), their&#8230; Folks, before you have a conniption fit, there was reliable news that the Federal Reserve had lent, spent, given, whatever $3 trillion to somebody, and nobody knew where it went.  There were massive requests from various members of Congress and others for the Fed to come up and say who got this money.  I can remember those stories like it was yesterday, and you\u2019re right. This was not TARP.  Now, I did not know, Nat, that Citibank got $2.7 trillion of it.<\/line><\/p>\n<p>CALLER:  Well, according to the 2010 GAO report &#8212; which, you know, they call an audit.  It\u2019s not technically an audit, but it\u2019s the first glimpse into what the Federal Reserve does that the government and the public has been able to see. So you can look at that report up from the GAO, Government Accountability Office, and they list it out, and it\u2019s actually $16 trillion total that they gave. It was $10 trillion domestically and $6 trillion to foreign banks, and nobody knows about this. Nobody pays attention to this. But it\u2019s incredible because it\u2019s a massive amount of money.  It\u2019s not the debt, and it\u2019s all fiat currency.  So it could have massive repercussions for the banking system.<\/p>\n<p>RUSH:  Well, yeah. I\u2019m aware of $3 trillion, not $16 trillion, as you say. But I\u2019m aware of $3 trillion that was mysteriously&#8230; I mean, it was admitted to, it was acknowledged, but nobody would say where it went &#8212; and then TARP came along. Look, I think it\u2019s rather obvious that the financial industry has ties to former financial industry execs in the government, and they look out for each other, and they make sure they don\u2019t fail.  They make sure no matter what happens, they get propped up.<\/p>\n<p>That\u2019s probably what was going on there, and it probably still is.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: Nat in Falls Church, Virginia. Nat, thank you for calling. Great to have you here. Hello. CALLER: Hey, Rush, good to talk to you. RUSH: Thank you. CALLER: So this is a little off topic, but I heard you mention it before. So it\u2019s all in the news today that Citigroup is being fined [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Citigroup and Crony Capitalism - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Citigroup and Crony Capitalism - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Nat in Falls Church, Virginia. Nat, thank you for calling. Great to have you here. Hello. CALLER: Hey, Rush, good to talk to you. RUSH: Thank you. CALLER: So this is a little off topic, but I heard you mention it before. So it\u2019s all in the news today that Citigroup is being fined [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"GeorgePrayias\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg\",\"contentUrl\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/\",\"name\":\"Citigroup and Crony Capitalism - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/#primaryimage\"},\"datePublished\":\"2014-07-14T18:41:51+00:00\",\"dateModified\":\"2014-07-14T18:41:51+00:00\",\"author\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Citigroup and Crony Capitalism\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4\",\"name\":\"GeorgePrayias\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d290ab65e2eaca3719268528f83b85bf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d290ab65e2eaca3719268528f83b85bf?s=96&d=mm&r=g\",\"caption\":\"GeorgePrayias\"},\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/author\/GeorgePrayias\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Citigroup and Crony Capitalism - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/","twitter_card":"summary","twitter_title":"Citigroup and Crony Capitalism - The Rush Limbaugh Show","twitter_description":"RUSH: Nat in Falls Church, Virginia. Nat, thank you for calling. Great to have you here. Hello. CALLER: Hey, Rush, good to talk to you. RUSH: Thank you. CALLER: So this is a little off topic, but I heard you mention it before. So it\u2019s all in the news today that Citigroup is being fined [&hellip;]","twitter_image":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg","twitter_misc":{"Written by":"GeorgePrayias","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/","name":"The Rush Limbaugh Show","description":"Excellence In Broadcasting","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/live-rush-limbaugh.pantheonsite.io\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/#primaryimage","inLanguage":"en-US","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg","contentUrl":"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/listentoit.jpg"},{"@type":"WebPage","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/#webpage","url":"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/","name":"Citigroup and Crony Capitalism - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/#primaryimage"},"datePublished":"2014-07-14T18:41:51+00:00","dateModified":"2014-07-14T18:41:51+00:00","author":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4"},"breadcrumb":{"@id":"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.rushlimbaugh.com\/daily\/2014\/07\/14\/citigroup_and_crony_capitalism\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/live-rush-limbaugh.pantheonsite.io\/"},{"@type":"ListItem","position":2,"name":"Citigroup and Crony Capitalism"}]},{"@type":"Person","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#\/schema\/person\/9a33276eb9dc5b6d3f8218957f30e6b4","name":"GeorgePrayias","image":{"@type":"ImageObject","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/d290ab65e2eaca3719268528f83b85bf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d290ab65e2eaca3719268528f83b85bf?s=96&d=mm&r=g","caption":"GeorgePrayias"},"url":"https:\/\/admin.rushlimbaugh.com\/daily\/author\/GeorgePrayias\/"}]}},"_links":{"self":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/8902"}],"collection":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/comments?post=8902"}],"version-history":[{"count":0,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/8902\/revisions"}],"wp:attachment":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/media?parent=8902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/categories?post=8902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/tags?post=8902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}