March 4 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit plans to tell U.S. taxpayers heâs grateful for the $45 billion bailout that helped stave off a deposit run at the bank in 2008, a person close to the company said. Pandit, scheduled to appear in Washington today before a panel overseeing the bank-bailout program, will acknowledge that the infusion stabilized Citigroup, said the person, who requested anonymity because the planned testimony isnât public. Pandit will thank the government for providing the money, the person said. http://www.bloomberg.com/apps/news?pid=20601087&sid=ad6U6e1leWD0&pos=2
Well, in that case, I guess it's A-OK to pay billions of dollars in bonuses using taxpayer's money now.