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Citigroup Gets Guarantees on $306 Billion of Assets (Update3)
bloomberg.com 11/24/2008 — Nov. 24 (Bloomberg) -- Citigroup Inc. , facing the threat of a breakup or sale, received $306 billion of U.S. government guarantees for troubled mortgages and toxic assets to stabilize the bank after its stock fell 60 percent last week. Citigroup ...
Citigroup
krugman.blogs.nytimes.com 11/24/2008 — Mark Thoma has the rundown of informed reactions. A bailout was necessary - but this bailout is an outrage: a lousy deal for the taxpayers, no accountability for management, and just to make things perfect, quite possibly inadequate, so that Citi will ...
Krugman on Citigroup Bailout: "a lousy deal"
calculatedrisk.blogspot.com 11/24/2008 — From Paul Krugman: Citigroup Mark Thoma has the rundown of informed reactions. A bailout was necessary — but this bailout is an outrage: a lousy deal for the taxpayers, no accountability for management, and just to make things perfect, quite possibly ...
Citigroup secures government lifeline - Nov. 23, 2008
money.cnn.com 11/24/2008 — NEW YORK (CNNMoney.com) -- The U.S. government on Sunday announced a massive rescue package for Citigroup - the latest move to steady the banking giant, whose shares plunged in the past week on fears about its exposure to toxic mortgage securities. ...
Citi Faces Pressure to Slim Down
online.wsj.com 11/24/2008 — The government rescue of Citigroup Inc. reversed the perilous slide of the company's stock, but pressure is mounting on its executives and directors to do even more to stabilize the financial giant. Citigroup's shares jumped 58% after federal ...
Bailout Monday is BackThe Big Money 11/24/2008
Following round-the-clock weekend negotiations, the federal government late on Sunday agreed to bail out yet another bank, this time giving the troubled Citigroup a $20 billion lifeline in the form of a direct investment and guaranteeing $306 ...
Citigroup's Books Are FictionThe Big Money 11/24/2008
Over and over, as its stock price plunged last week, Citigroup Inc. repeated the same tired line. Citigroup has “very strong capital,” the bank kept saying. Its capital was so strong that the New York-based lender yesterday was ironing out yet ...