Star Parker: Time to stop lying to ourselves

Published March 8, 2010 5:00am ET



Citigroup, one the world’s largest banks, was bailed out with about $45 billion of U.S. taxpayer funds, and we taxpayers — you and I — still own a little more than one-quarter of the company. Do you recall making this investment? I don’t.

Nevertheless, in testimony before a panel appointed by Congress to oversee management of the $700 billion Troubled Asset Relief Program fund that financed the Citigroup bailout, the bank’s chief executive officer, Vikram Pandit, thanked all of us.

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