LOL, here is a new one; Chairman of Citigroup says they are too interwoven to fail

[EV_Ares]

Citigroup remains too "interwoven" to fail even after the government has plowed billions into rescuing the banking titan and Congress has passed laws taking aim at financial behemoths, Citi Chairman Richard Parsons told CNBC.

"It's not a question of too big to fail," Parsons said in a live interview. "It's a question of too interwoven in the fabric of the global financial life to fail."

Speaking as Citi prepares to shed its government stake, which was as high as $45 billion when the bank teetered on the brink of disaster during the financial crisis, Parsons said maintaining huge financial conglomerates is in the interest of the US economy.

entire article @ link: http://www.cnbc.com/id/40564759

[Jackpine Radical]

1. Maybe if we all send in our Social Security checks

& the egg money we can save it.

[wtbymark]

2. yea, interwoven with the others that NEED to fail n/t

[Angry Dragon]

3. Time to break them up then

[jp11]

5. Long past time to do that yet they and others get to keep getting bigger.

[baldguy]

4. "Interwoven" is a polite word for "incestuous"

[Greyhound]

6. Translation; "If you fight or don't bow down to us we will kill you."

:kick: & R

[Catherina]

7. Interwoven? They just keep getting lamer and lamer. Off with their heads. n/t

[Donnachaidh]

8. All the more reason to break up these behemoth banks

They feel arrogant enough to make statements like this - tear them apart. :grr:

[The Backlash Cometh]

9. I believe it. We have another term for it. It's a house of cards.