Citi decides not to play Scrooge for the holidays

Updated

Get this: Citigroup wants to make sure that its customers -- those on the verge of being booted out of their homes -- have a less stressful holiday. So the beleaguered bank has decided to give them a holiday reprieve by suspending foreclosures and evictions for up to 30 days.

"We want our borrowers to have a much less stressful time, to spend their time with their families during the holidays as opposed to worrying about their homes," the head of Citi's mortgage division told the Associated Press.

Do they get a Hallmark card, too?

I mean, does anybody believe that Citigroup really cares what kind of holiday its customers have? Banks have been dragging their feet so much on loan modifications, it's hard to believe Citigroup or any other bank cares about the type of holiday American families will have.

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