clusterstock.alleyinsider.com - 11/23/2008
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Reuters compiles six ways that the Feds might bail out Citigroup. It's hard to see how any of them will save common shareholders:
More preferreds: The US Treasury Department bought $25 billion of preferred shares and warrants from Citigroup in October when it injected capital into banks under ...
krugman.blogs.nytimes.com - 11/24/2008
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krugman.blogs.nytimes.com —
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 ...
(more)
Citigroup
angrybear.blogspot.com - 11/26/2008
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angrybear.blogspot.com —
by cactus Let Me State Again: The Bail-Out
Will Not Work, It Cannot Work I'm on vacation,...
and I check the news and Angry Bear and I find this crazy bail-out is growing like mad just in the last few days. I had a post at the start of this thing that ...
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The Bail-Out Will Not Work
marginalrevolution.com - 11/24/2008
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marginalrevolution.com —
Lots of opinions. Ugh. Arnold Kling says ugh
too, with this good line: "...the employment benefit of...
infrastructure projects is more likely to go to the illegal immigrants who were laid off from housing construction and who otherwise would be...
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The Citigroup bailout
Comments
Blog Reactions
Citi
Political Animal —
... reading: This piece from the NYT is a good explanation of how Citi got into trouble (though Brad DeLong disagrees .) This is a good rundown of some of the problems it's facing, as is this . If you're wondering why Citi needs to care about its stock price, here's an answer. (Point worth noting: some institutional investors hav e to sell when stocks fall below $5. Institutional investors hold 64% of Citi's stock.) Henry Blodget on ' Six Ways Feds Might Bail Out Citigroup'. And for an unrelated bit of gloom, here's a ...
Citi
Obsidian Wings —
... reading: This piece from the NYT is a good explanation of how Citi got into trouble (though Brad DeLong disagrees.) This is a good rundown of some of the problems it's facing, as is this. If you're wondering why Citi needs to care about its stock price, here's an answer. (Point worth noting: some institutional investors have to sell when stocks fall below $5. Institutional investors hold 64% of Citi's stock.) Henry Blodget on 'Six Ways Feds Might Bail Out Citigroup'.
And for an unrelated bit of gloom, here's a ...
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delong.typepad.com 11/21/2008 — No real point to merging it into JPMorgan Chase or Bank of America. And it is definitely too big to fail.
Who wants to be Deputy Assistant Secretary of the Treasury for Citigroup?
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