The government's larger stake in Citibank does not constitute a nationalization of banks, Senate Majority Leader Harry Reid (D-Nev.) argued Monday.
"I think the American taxpayer deserves some protection," Reid said during an appearance on MSNBC's "Morning Joe." "That's what this is all about."
The Hill
Reid: Citi Investment Isn't Nationalization
February 23, 2008
So swapping $45 billion in preferred stock yielding 8% for $4 billion in common stock yielding a penny a share is "protecting the taxpayers"?
Some advice for Sen. Reid: Stay out of the casinos -- even if they do offer to comp you for the suite.
ROTHSTEIN: Help the Senator, give him whatever he wants.
SHERBERT: Certainly. (leads the way.) Senator.
ROTHSTEIN: (voice over) Why not make them happy?
SHERBERT: We have some nice penthouses you'll enjoy. Maybe the Presidential Suite.
(cut to interior of Tangiers Presidential Suite)
The Senator unzips the hooker's dress, kisses her and walks through the bedroom doorway, looking over his shoulder to her as she takes off her dress and walks out of his sight.
Some things never change.