{"id":4704,"date":"2010-03-04T14:40:01","date_gmt":"2010-03-04T19:40:01","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=4704"},"modified":"2011-01-20T16:02:03","modified_gmt":"2011-01-20T21:02:03","slug":"citigroup-ceo-says-things-different","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/03\/04\/citigroup-ceo-says-things-different\/","title":{"rendered":"Citigroup CEO says things &#8216;different&#8217;"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignright size-thumbnail wp-image-4705\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/03\/Citigroup-CEO-Vikram-Pandit-150x150.jpg\" alt=\"Citigroup CEO Vikram Pandit\" width=\"135\" height=\"135\" \/>Citigroup CEO Vikram <a title=\"Pandit told\" href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/03\/04\/AR2010030402277.html\" target=\"_blank\">Pandit told <\/a>a Congressional panel that the bank is &#8220;fundamentally different&#8221; since it took $45 billion in taxpayer bailout money last year.\u00a0 But Law Professor <a title=\"Cornelius Hurley\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/banking\/hurley.html\" target=\"_blank\">Cornelius Hurley<\/a>, director of the <a title=\"Morin Center for Banking and Financial Law\" href=\"http:\/\/www.bu.edu\/law\/morincenter\/\" target=\"_blank\">Morin Center for Banking and Financial Law<\/a>, says Congress should be asking why taxpayers were&#8217;t given more effective oversight of Citigroup after the bailout.<\/p>\n<p><em>&#8220;Rather than grilling Mr. Pandit on how he runs Citigroup, the Congressional TARP panel should be asking Treasury officials, past and present, why the U.S. did not demand representation on the Citigroup board of directors. \u00a0As long as the taxpayers are the largest shareholders of the company, this is <span style=\"text-decoration: underline\">the<\/span> most effective way to provide oversight in the public interest.&#8221;<\/em><\/p>\n<p>Contact Cornelius Hurley, 617-353-5427, <a href=\"mailto:ckhurley@bu.edu\">ckhurley@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citigroup CEO Vikram Pandit told a Congressional panel that the bank is &#8220;fundamentally different&#8221; since it took $45 billion in taxpayer bailout money last year.\u00a0 But Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, says Congress should be asking why taxpayers were&#8217;t given more effective oversight of Citigroup after [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[239,722,926,2445],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4704"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=4704"}],"version-history":[{"count":6,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4704\/revisions"}],"predecessor-version":[{"id":7858,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4704\/revisions\/7858"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=4704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=4704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=4704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}