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CitiBike: Too Dumb to Fail

mitch121 Wrote: May 08, 2012 3:39 PM
yes, as Malcolm Forbes (or maybe his father) said: "There is more money to be made selling advice than taking it."

What does a bank do after it takes billions in TARP funds and then fails its stress test?

Why, sponsor a multimillion dollar environmentally friendly bike share program. Naturally.

Citigroup, who was the recipient of over $476 billion dollars of taxpayer bailout money, has joined forces with the City of New York to sponsor a $41 million dollar bike share program.

The "Citi Bike" program will offer 10,000 bikes branded with the bank's logo at over 600 locations in Manhattan and surrounding boroughs. Of course, the city will also have to build and install the brand new...

Related Tags: Fail