“Citigroup executives can be right on the floor with them, handing them legislation and telling them how to vote.”
No joke. Makes me kind of sad.
The banking giant Citigroup announced on Friday that it would move its headquarters from New York to the U.S. Capitol Building, in Washington, D.C., in early 2015.
Tracy Klugian, a spokesperson for Citi, said that the company had leased thirty thousand square feet of prime real estate on the floor of the House of Representatives and would be interviewing “world-class architects” to redesign the space to suit its needs.
Explaining the rationale behind the move, Klugian told reporters, “Instead of constantly flying out from New York to give members of Congress their marching orders, Citigroup executives can be right on the floor with them, handing them legislation and telling them how to vote. This is going to result in tremendous cost savings going forward.”
Not only did the big banks grease enough palms so Congressrepealed portions of Dodd Frank designed to prevent another recession, they managed to increase the donation limitation from $32,400 to $324,000. Hmmmmmm…..