Citigroup: $20 billion more write downs, 20,000 jobs gone

At least Prince (former CEO) who dragged the company into this situation is sleeping well at night with his comfortable retirement plan. Isn't that what America is all about? Screwing up so badly that you lose a Fortune 500 company billions, force tens of thousands onto the streets and you retire without a care in the world? Nobody bothers to ask for that money back since it was all perfectly legal, right?

We should all be so proud of this great time in American history. No one is ever wrong, except for the schmucks in the middle. I'm sure Citi already has a nice plan to buy another failed subprime lender so they can avoid even more taxes that will be picked up by the middle class.
UPDATE: CNBC reporting Citi write downs could be up to $24 billion, with a $15 billion cash injection from Saudi Prince Alwaleed bin Talal who is already the largest shareholder.