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A very clear example of this, but with Citigroup: https://www.wsws.org/en/articles/2016/10/15/wiki-o15.html https://www.wsws.org/en/articles/2016/10/15/wiki-o15
by 1MachineElf 5y ago
A very clear example of this, but with Citigroup: https://www.wsws.org/en/articles/2016/10/15/wiki-o15.html https://www.wsws.org/en/articles/2016/10/15/wiki-o15.html
- leesalminen 5y agoYour source doesn’t claim that Citigroup wanted to maintain the societal status quo, though.
- 1MachineElf 5y agoDepends on your definition of societal status quo. If it includes "not out of business", then I think the example still holds. Citigroup's positioning helped them secure $20 billion in government bailout loans following the 2008 crash, while most Americans wanted to let them fail.