Citibank and the Fed
A quick post. My curiosity peaked this weekend after hearing the Fed is bailing out Citibank.
My question is, is this a conflict of interest? I mean, the whole Fed went with Citibank a few months ago as the vendor for issuing and maintaining the Government credit cards. Every agency, to include the Military, has been issued Citibank credit cards, which go live on November 30th.
With the Fed controlling a stake in the very company that is going to be issuing the credit for the government, doesn’t this constitute a vested interest and therefore a conflict of interest?
