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S&P Picks and Pans: Citigroup, Xerox, J&J, Toll Brothers, US Bancorp

 

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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 ...
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. ...
White House says unaware of any Citigroup rescue talks
reuters.com 11/24/2008 — ABOARD AIR FORCE ONE (Reuters) - White House spokeswoman Dana Perino said on Sunday she knew of no talks going on between banking giant Citigroup and the federal government for financial aid. Speaking to reporters traveling with President George W. ...
The Institutional Risk Analyst: What Barack Obama Needs to Know About Tim Geithner, the AIG Fiasco and Citigroup
us1.institutionalriskanalytics.com 11/24/2008 — November 24, 2008 What Barack Obama Needs to Know About Tim Geithner the AIG CDS Fiasco On Friday, the FDIC closed and facilitated the sale of two CA savings banks, Downey Savings and Loan, the bank unit of Downey Financial Corp (NYSE:DSL) and PFF ...
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 ...