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Citigroup, U.S. in Talks to Create 'Bad Bank'

24/7 Wall St. found this 11/23/2008 on online.wsj.com

Inc. is nearing agreement with U.S. government officials to create a structure that would house some of the financial giant's risky assets, according to people familiar with the situation. While the discussions remain fluid and might not result in an agreement, talks were progressing Sunday ...