Bailed-Out Citigroup Paid Bill Clinton $700,000--For Words, Just Words

CNS News reports:

The struggling financial giant Citigroup, which recently received $25 billion in federal bailout dollars, paid former President Bill Clinton a total of $700,000 for four speeches he delivered on the company’s behalf between 2004 and 2007, according to U.S. Senate financial disclosure statements filed by Sen. Hillary Clinton (D.-N.Y.)

Sen. Clinton’s latest financial disclosure form, filed on June 28, 2008, reported the former president’s honoraria for 2007. Senate financial disclosures forms for 2008 will not be filed until next year.

Citigroup’s stock has plummeted nearly 40 percent this week.

The most expensive speech Citigroup purchased from Bill Clinton was an address given in Paris on March 12, 2004, which cost company $250,000.

Citigroup really knows how to deploy capital to the highest rate of return!