Your bailout money at work: Citigroup sues All Citi Pawn
Citigroup, the American banking giant that survives today exclusively off the back of a $36.5 billion cash injection courtesy of the American taxpayer, is using some of those funds on high priced lawyers to sue a small New York pawn shop.
The bank alleges that All Citi Pawn infringes on Citigroup’s trademark by using the word “Citi” and with a logo that includes an arc.
Citigroup is seeking all of the business’ profits since it adopted the All Citi Pawn name.
Pawn shop manager Bob Kay told CNN: “What can I tell you? Its crazy. They’re going wild for a little art that I put up. Theirs is a moon shape, mine is a V-shape, but I’ve already taken it down.”
Your tax payer dollars at work America: thousand dollar an hour lawyers trying to put small businesses out of business. Makes you feel all warm and fuzzy inside, doesn’t it