Citigroup (C) bank chairman, Richard Parsons, told CNBC on Wednesday that his co. was in talks with regulators about repaying its $45 billion bailout from the U.S. Treasury’s Troubled Asset Relief Program. During the interview Parsons talked also about New York’s economic future and NY Governor Paterson’s comments made at the Museum of American Finance on Wall Street earlier today. Paterson said how screwed New York is ; calling it the state “ground zero for the recession”.
The governor touched also on the subject of Wall Street bonuses and executive packages, calling them an integral part of financial executives’ salaries. The subject seems dear to Parsons’ heart who said that “to assume that Wall Street is somehow at odds with Main Street in America, is not only mistake, but for New York, is a disaster.” We have no idea what Mr. Parsons been smoking lately.
