Letter to Citibank CEO

Since Citibank is obviously doing very well...

January 26, 2009

Citibank c/o Vikram Pandit CEO
100 Citibank Drive
San Antonio, TX 78245

Mr. Pandit,

I am writing to congratulate you and Citibank on a quick recovery from the financial industry’s recent turmoil.  With today’s news of your imminent purchase of a $50M corporate jet, I feel confident the $45B infusion which you received from the federal government was precisely what was needed to put Citibank back on its feet.  I am quite pleased that my tax dollars could play such an integral role in your success through these troubling times.

Now that you are, once again, enjoying a comfortable position, I’m sure that you are intending to repay those of us who helped out.  I understand that the $700B investment cost every man, woman, and child approximately $2,500.  Around 6.43% of that investment was made in Citibank.  Therefore, the cost to me was right around $160.  Having fought, and survived, through this recession, I’m sure that you can appreciate how important it is that I receive that money as quickly as possible.  

I am enclosing a self-addressed, stamped envelope so that you can return that money as soon as possible.  If you prefer, you could, instead, apply that money directly to the Citiassist student loan which I am currently repaying.  The account number for my loan is as follows:  XXXXXXXXXXX.

Thank you in advance for your cooperation.  Again, congratulations on all of your success.

Sincerely,

John Hancock
XXX XXXXXXXX Ave
Pittsburgh, PA XXXXX

The Envelopes
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Hancock,

I like the idea.

P.S.  Go Steelers!

by jmzlaw on 01/27/2009 09:12:16 AM EST

Except for the small fact that Citi is gonna bite the bullet and NOT take delivery on their 50M corporate jet. Instead, they are gonna LOSE millions of dollars in contractual fines and such, most likely using the TARP money to do so. So either way, Joe Taxpayer loses!!! I applaud you though for your efforts, though. I hope they put that 160 dollar credit on your student loan just for kicks! :)

by bobo1 on 01/27/2009 09:37:35 AM EST

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by rainbow2010 on 10/01/2010 09:24:49 PM EST

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