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originally posted by: toysforadults
a reply to: ClovenSky
Nah. Citigroup owns 30% last I checked may have changed because that data became harder to source.
The issue is expected to be particularly notable at Citigroup , which is expected to take a $20 billion one-time charge when it reports Q4 results on January 16th. All of the other major banks and investment banks are expected to take big charges as well, though none of them are in the Citigroup league. JPMorgan , which reports Q4 results on January 12th, is expected to take a $2 billion charge while Bank of America , reporting on January 17th, is on track to take a $3 billion charge. Goldman Sachs is expected to take $5 billion in charges.
“This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill.”
I think it's fair to have the opinion that these new people may think they have more power than they do or not understand how it works in the House.