Poster Child for Regulatory Capture

So, it seems that after much in the way of government bailout money, and the fact that much of their voting equity is now government owned, the FDIC is looking at ousting Citi CEO Vikram Pandit.

There is one problem though, evidence of excessive spending on his lavish offices, his pay, and his bonuses is not enough to convince Timothy "Eddie Haskell" Geithner that a management change is justified, so he's digging his heels in to keep Pandit as running, and mismanaging, Citigroup.

The first reform we need is to make sure that senior political officials who make policy aren't just the big bank's towel boys, and this ain't happening.