Halliburton and Citigroup are stocks that symbolize the criminal greed of the past 8 years. Halliburton represents war for profits. Dick Cheney was its CEO before he was sworn in as Veep in 2001. Using his position of power and the life-long relationship he had with Secretary Of Defense Donald Rumsfeld, Halliburton was awarded no-bid contracts in Afghanistan and in Iraq. I think the war in Iraq was largely for Halliburtons benefit along with other war for profit companies.
How did the stock do in these past 8 years ? Well Halliburton was trading at $19.00 when Cheney was sworn in and now the stock trades at $16.00. So after 4200 American lives, app. 1,500,000 Iraqi lives, 2,500,000 displaced Iraqis and app. $750,000,000,000 and counting in war expenditures and 2 or 3 adjustments to asshole Cheney's heart regulator the stock is down app. 16%. How stupid can some monkeys be?
And then there's Citigroup. Under the direction of former CEO Sanford Weill who took the reins in 1998 when the stock was trading at $25.00 Weill used his connections and money to repeal the Depression- era Glass-Steagall Act which mandated a seperation of stock brokers and insurance companies with banks. The Wall Street meltdown is directly traced to the repeal of this Depression-era firewall banking act. Citigroup's stock was trding at $25.00 when Weill slid in to power. Now Citigroup trdes at $ 8.50. That's almost 60% less in value.
A quiet retirement for these 2 assholes is not what they deserve.
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