Facebook

Twitter

StumbleUpon

Email

topics:

White House

U.S. Army

Federal Reserve

Washington, D.C

vote downundo vote up flag

bloomberg.com - 11/24/2008

U.S. to Back $306 Billion in Citigroup Assets, Regulators Say

—

Nov. 23 (Bloomberg) -- The U.S. government agreed to protect $306 billion of loans and securities on Citigroup Inc. ‘s books against losses, as it seeks to shore up investor confidence in the bank. Citigroup will, as a fee for the guarantee, provide preferred shares to the Treasury and Federal ...

2

cnbc.com - 11/24/2008

US to Guarantee Over $300 Billion in Citigroup Assets - Stock Market * US * News * Story

— cnbc.com — The U.S. government has agreed to guarantee over $300 billion of Citigroup's troubled assets -- loans and... securities backed by residential and commercial real estate and other such assets -- with conditions attached. These conditions are being ... (more) US to Guarantee Over $300 Billion in Citigroup Assets - ...

White House

U.S. Army

Comments vote downundo vote up AMERICAblog News| A great nation deserves the truth found this 11/24/2008found this

2

calculatedrisk.blogspot.com - 11/23/2008

WSJ: Citigroup, U.S. Near Agreement on Bad Assets

— calculatedrisk.blogspot.com — UPDATE2: CNBC reports: Government Now Said To Have Cold Feet From the WSJ: Citigroup, U.S. in Talks... to Create 'Bad Bank' Citigroup Inc. is nearing agreement with U.S. government officials to create a structure that would house some of the financial ... (more) WSJ: Citigroup, U.S. Near Agreement on Bad Assets

White House

U.S. Army

Federal Reserve

Comments vote downundo vote up Political Animal found this 11/23/2008found this

1

calculatedrisk.blogspot.com - 11/24/2008

WSJ: Government to Guarantee $300 Billion in Citigroup Assets

— calculatedrisk.blogspot.com — From the WSJ: U.S. Agrees to Citigroup Bailout Treasury has agreed to inject an additional $20 billion... in capital into Citigroup under terms of the deal hashed out between the bank, the Treasury Department, the Federal Reserve, and the Federal ... (more) WSJ: Government to Guarantee $300 Billion in Citigroup ...

White House

U.S. Army

Federal Reserve

Comments vote downundo vote up uggabugga found this 11/24/2008found this

Leave a Comment

Shit Sandwich
Eschaton — Shit Sandwich So yummy! Nov. 23 (Bloomberg) -- The U.S. government agreed to protect $306 billion of loans and securities on Citigroup Inc.‘s books against losses, as it seeks to shore up investor confidence in the bank. Citigroup will, as a fee for the guarantee, provide preferred shares to the Treasury and Federal Deposit Insurance Corp., the regulators said in a statement. The government will also inject $20 billion into the bank from the Treasury’s $700 billion Troubled Asset Relief Program.

Mike's Blog Roundup
Crooks and Liars — Mock, Paper, Scissors: Back on the sauce BlondeSense: The nationalization of financial institutions might be a good thing if it leads to the firing and prosecution of these, and other criminals. Pam's House Blend: "The worst Treasury Secretary in modern times."  What else could we expect from the worst president ever? David Seaton's News Links: Deflation as a metaphor Foolocracy: Terrorist takes comedy class while in prison ANNALS OF JOURNALISM: Why is the NYT publishing a war criminal?...Covering new presidents: the ...

My take on the Citibank bailout
The Reaction — ... The legalized looting of the Treasury continues apace. The Fed apparently reached an agreement to guarantee $306 billion worth of Citibank's shitpile and toss them $20 billion in cash from Paulson's slush fund. And what are they going to do with the money? ...