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New York Times, Citigroup, Goldman Sachs, and Oil
bespokeinvest.typepad.com - 11/21/2008
New York Times, Citigroup, Goldman Sachs, and Oil
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Here are some random comparisons that show just how crazy things are out there right now. Just a couple of months ago, who would have thought that Goldman Sachs (GS) and Oil would be trading right inline with each other -- at $50? Or how about the New York Times (NYT) and Citigroup (C) -- at $5? ...
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'

Comments vote down 24/7 Wall St. found this 11/23/2008found this
Sheila Bair and seizing Citigroup
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

Comments vote down FT Alphaville found this 11/21/2008found this
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 ...

Comments vote down Calculated Risk found this 11/24/2008found this

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THE SHARK REPORT:  THE GAP

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THE GAP
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Related: citigroup and new york times
New York Times: Citi Woes Due to Lousy Risk Controls, Plus Prince's and Rubin's Strategy
nakedcapitalism.com 11/24/2008 — The New York Times has a solid bit of reporting tonight by Eric Dash and Julie Creshwell, " Citigroup Pays for a Rush to Risk ," that seeks to explain why the giant bank got itself in so much trouble. The piece points to the usual culprit, too much ...
Saving Citi May Create More Fear — DealBook
One bailout was not enough for Citigroup. And it may not be enough for other big banks, The New York Times’s Eric Dash writes. While Citigroup’s second multibillion-dollar rescue from Washington hit Wall Street like a shot of adrenaline on Monday, many analysts worried that the jolt would ...
European Markets Gain on Citigroup Rescue Plan — DealBook
Stocks rose Monday in Europe, after a mixed session in Asia, as investors greeted a U.S. taxpayer bailout for Citigroup, The New York Times’s David Jolly reported. Citigroup, which had been teetering on the brink of collapse as its stock price plummeted last week, late Sunday got a U.S. ...
Plan Begins to Emerge to Rescue Citigroup — DealBook
Federal regulators were considering a new rescue for Citigroup on Sunday, a step that could mark a third leg of the government’s broader efforts to bolster the nation’s financial industry, according to people briefed on the plan, The New York Times’s Eric Dash and Gretchen Morgenson ...
Bailout III: Citigroup About To Be Nationalized — Capital Gains and Games
This horror movie keeps getting worse. This morning's New York Times details how Citigroup, under CEO Charles O. Prince III and Robert E. Rubin, took on too much risk in search for every growing profits, only to find the whole enterprise crashing down around them when those risks proved ...
Robert Rubin, We Hardly Knew You — Capital Gains and Games
Your Sunday required reading comes from Eric Dash and Julie Creswell, who do a fine job of reporting on the demise of Citigroup in their New York Times article , "Citigroup Pays for a Rush to Risk." I was expecting the stories of greed, stupidity, and lax internal oversight. What I was not ...
What About Bob? — IEHI Feed: The Hedge Fund Implode-o-Meter
"The New York Times tackles the Rubin issue head-on. Buried in today’s re-cap of how Citigroup got itself into the current mess is an indictment of Robert Rubin’s role at the bank."
That's Like Rearranging the SIVs off the Balance Sheet — CrossingWallStreet.com
The New York Times on Citigroup: Within the bank’s Manhattan offices, television screens have stopped displaying the company’s stock price. Traders have begun making jokes comparing Citigroup to the Titanic.
Citigroup Tries to Stop the Drop in Its Share Price — DealBook
For months, the nation’s largest banks have struggled to regain investors’ trust. In the center of the vortex is Citigroup, whose precipitous stock-market plunge accelerated on Thursday, sending shock waves through the financial world, The New York Times’s Eric Dash and Louise Story ...
Bailout Monday is Back — The Big Money
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 ...