Gratitude: He Haz It

March 4th, 2010 by Jason · 5 Comments · bailout, bandit

Local hero Bandit finds himself back in the news today, not so much because he has done something terrible, but rather that I found this image I made a while back and wanted an excuse to use it. Bandit finds himself in Washington today to speak before the panel that oversees (oversaw, I guess?) TARP and explain how his life is immeasurably better because of it.

Citigroup Inc. Chief Executive Officer Vikram Pandit plans to tell U.S. taxpayers he’s grateful for the $45 billion bailout that helped stave off a deposit run at the bank in 2008, a person close to the company said.

Pandit, scheduled to appear in Washington today before a panel overseeing the bank-bailout program, will acknowledge that the infusion stabilized Citigroup, said the person, who requested anonymity because the planned testimony isn’t public. Pandit will thank the government for providing the money, the person said.

Bandit’s “thanks, bro” is expected to soothe anyone and everyone who was ever upset about the failout, because the problem was never with handing money we didn’t have over to the very people who caused the problem they suddenly needed rescuing from, it was the lack of gratitude. Shucks, now that he’s expressed his gratefulness, why don’t we hand him a lot more money? Eighteen katrillion dollars seems only fair.

But this business about acknowledging that the money stabilized Citi? Is it really necessary for him to hop on a plane (he doesn’t take Acela, we assume) to come tell an oversight panel something they already know? This would be like me scheduling an entire day with my boss to tell him I keep the network running. This is the kind of thing that could just as easily have been demonstrated by emailing Elizabeth Warren a picture of Citigroup Center without a “For Sale” sign on it, with a note attached that said “thx XOXOXO”

And really, his company got $45 billion. I’m not entirely sure a simple “Thanks, next three generations of taxpayers” is really sufficient. That is less money than it would cost to bail out Greece, which is an entire country. Even a $20 toaster as a wedding gift warrants a nice handwritten thank-you note. Besides repaying the failout money, does anyone have any suggestions for what Bandit can do to truly express gratitude for not making him the captain of a sinking bank?

5 Comments so far ↓

  • alyx

    I would like to see him express his gratitude in interpretive dance, personally. Or, he could bake everyone cookies. That would also work.

  • BlueMonkey

    WE COULDA OWNED GREECE!!!! And they’re already cool with the sociamalism thingee, so we could have actually kicked out their bandit and started scheduling the ROR flights to Okeanos (or wtf it’s called) from the Persion Gulf.

  • Alyx

    Yeah, with Greece maybe selling off their islands to cut their debt, that > way better investment than $C, for reals. I can’t lay out on a lounge chair in front of Citigroup Center and work on my tan.

    Well, maybe I could, but I think it would be ill-advised.

  • bleekerccreature

    bandit can throw some free citi field mets tix our way. oh wait, nobody wants that either.

  • Alyx

    There’d be no game – just a TARP over the field * rimshot *

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