Oh how the mighty have fallen.

Citigroup Inc’s (C.N) run of ignominy has now come to this: losing its coveted spot in the Dow Jones industrial average (.DJI) to a former unit.Dow Jones Indexes on Monday said the property and casualty insurer Travelers Cos (TRV.N) will replace Citigroup in its flagship 30-stock index of blue-chip stocks, effective June 8.Citigroup shares have traded below $5 since mid-January, and bottomed at 97 cents on March 5, after huge losses led to a series of federal bailouts. Taxpayers could end up owning 34 percent of what was once the world’s largest bank by market value.

Imagine what these companies, and our economy, might look like if politicians like Harry Reid, Nancy Pelosi, George W. Bush, and Barack Obama didn’t start mortgaging our kids future to “rescue” everyone.

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