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nytimes.com - 11/22/2008

Citigroup, Under Siege, Holds Talks With U.S.

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Some of the options discussed included whether to replace Citigroup’s leadership or sell all or part of the company. >

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online.wsj.com - 11/23/2008

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

— 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 ... (more) Citigroup, U.S. in Talks to Create 'Bad Bank'

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Citigroup

Comments vote downundo vote up 24/7 Wall St. found this 11/23/2008found this

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brontecapital.blogspot.com - 11/21/2008

Sheila Bair and seizing Citigroup

— brontecapital.blogspot.com — I suggested that Sheila Bair might seize Citigroup precisely because it is the sort of irrational, arrogant... and dumb thing she does. She did after all force the issue at Wachovia – signing a government guarantee (to Citigroup) even though a fully ... (more) Sheila Bair and seizing Citigroup

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Citigroup

Sheila Bair

Comments vote downundo vote up FT Alphaville found this 11/21/2008found this

6

federalreserve.gov - 11/24/2008

FRB: Press Release--Joint statement by Treasury, Federal Reserve, and the FDIC on ...

— federalreserve.gov — Joint Statement by Treasury, Federal Reserve, and the FDIC on Citigroup Washington , DC -- The U.S.... government is committed to supporting financial market stability, which is a prerequisite to restoring vigorous economic growth. In support of this ... (more) FRB: Press Release--Joint statement by Treasury, Federal ...

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Citigroup

Comments vote downundo vote up Calculated Risk found this 11/24/2008found this

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NY Times: Citi in Talks With U.S. Government
Calculated Risk — From Andrew Ross Sorkin and Louise Story at the NY Times: Citigroup, Under Siege, Holds Talks With U.S. Citigroup ... executives on Friday entered into talks with federal officials about how to stabilize the struggling financial giant. In a series of tense meetings and telephone calls, the executives and officials weighed several options, including whether to replace Citigroup’s chief executive, Vikram S. Pandit, or sell all or part of the company.There is much more in the article. This weekend might be busy.

links for 2008-11-22
Economist's View — Citigroup, Under Siege, Holds Talks With U.S. - NYTimes.com For Treasury, Geithner Said to Be Choice - NYTimes.com Motown meltdown - Thomas Palley Blanket of Soil May Hide Vast Martian Glaciers - NYTimes.com Making It Explicit - The Washington Monthly

Citi's Death Bed - CDS Spreads Surge
Manhattan Real Estate: New York City Real Estate Tips — ... company 5) capital raising by share dilution - virtually impossible with the stock under$4/share. This is why GE raised capital when its stock was at $21 to Buffett, they did it when it was still viable to do so 6) capital raising from private markets - unlikely, who is willing to put good money on top of bad at this point without government assurances I think #1 is the most likely as the government can't let Citi fail. Andrew Ross Sorkin had a great piece in the NYTimes yesterday, "Shares Falling, Citigroup Talks to Government": ...

Exercizes In Futility: The Brain Trust At Citi Try And Figure Out How To Make This Thing Work
Dealbreaker — ... part of the company." To Circuit Cityi. 3. "A public endorsement from the government." 4. "A new financial lifeline [from the government]." 5. "Full-page advertisements in major newspapers," reminding everyone, in case they didn't know, that Citi never sleeps. 6. "Reinstate the uptick rule." This would legitimately be more ridiculous than taking out an ad in a newspaper. SHORT-SELLERS ARE NOT THE ISSUE, VIKRAM. Shares Falling, Citigroup Talks to Government [NYT]