For Citi Execs, Bandit Masks Are De Rigeur

March 21st, 2010 by alyx · No Comments · bandit

To Treasury, letting the boys at $C hide behind the bandit mask is not just a privilege, but a right:

The U.S. Treasury Department refused to disclose names of Citigroup Inc. executives who haggled over bailout terms in late 2008 after the bank said they might be harassed like the American International Group Inc. workers pilloried for taking big bonuses.
The Treasury decided to withhold the names earlier in 2009 when processing a similar FOIA request from News Corp.’s Fox Business Network, department spokesman Andrew Williams said. The Treasury gave New York-based Citigroup a chance to preview the documents, as required under federal rules, and the bank objected to the release of the names, Williams said. Treasury agreed, he said.

How do you think that convo went?

Timmay: Hay we need to tell Fox News who kissed Hank Paulson’s shoes to get ur moneys
Bandit: Noooooo I hate when ppl mail my execs fake ‘thrax, it makes them cry
Timmay: OMG you have a bunch of emos on ur payroll
Bandit: That’s what happens when you limit exec comp
Timmay: oh burrrrrrrrrrrrrrrrrn

Anyhow, Fox has given up on its FOIA request for the names (any bored reader is encouraged to pick up where they left off) and is now pursuing more deets on their executive compensation negotiations, which are probably more scandalous stuff. $C objects to the request because they don’t want this information getting in the hands of their competitors, but, like, I guess we could pretend for a minute that this was public money these guys were being paid with and that we were entitled to know where it was going, or something like that.

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