cnbc.com - 11/24/2008
—
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 hammered out. In addition, the U.S. Treasury will ...
bloomberg.com - 11/24/2008
—
bloomberg.com —
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 ...
(more)
U.S. to Back $306 Billion in Citigroup Assets, ...
calculatedrisk.blogspot.com - 11/23/2008
—
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
money.cnn.com - 11/24/2008
—
money.cnn.com —
NEW YORK (CNNMoney.com) -- The U.S. government on
Sunday announced a massive rescue package for Citigroup -...
the latest move to steady the banking giant, whose shares have plunged in the past week. Citigroup shares rose 56% in premarket trading Monday. ...
(more)
Citigroup secures government lifeline - Nov. 23, 2008
Comments
Blog Reactions
Citigroup received massive $300 billion last night from government
AMERICAblog News| A great nation deserves the truth —
That was an amazingly fast fall from grace. Last night there were plenty of rumors about options being weighed, none of them very positive. It was only a few weeks ago that Citi was throwing lawsuits around because Wells Fargo had the audacity to purchase Wachovia with their own money instead of taxpayers funding their purchase. Can you imagine how much more this would have cost if that sale went through? Here's another management team that needs to be sent packing, without bonuses or whatever freebie they think they deserve. It's also time to go back at previous bonuses ...
Read These Now or The Plague Will Kill You
Shakesville —
Bailout Ahoy! Citigroup receives a government guarantee. (AFP) Paulson considers tapping the second portion of $700 billion bailout. Forbes magazine President and CEO Steve Forbes called Treasury Secretary Henry Paulson "the worst treasury secretary we've had in modern times." Obama to unveil economic team today. (MSNBC) Timothy Geithner: A reassuring figure for Treasury. (Economist) Spiegel interview with George Soros. North ...
Related Content
WSJ: Government to Guarantee $300 Billion in Citigroup Assets
calculatedrisk.blogspot.com 11/24/2008 — 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 ...
Get Ready for a Trade War
redstate.com 11/21/2008 — A Big 3 Bailout Could Kill Thousands of Export Jobs
If nothing else, the Great Depression proved very instructive.
Plenty of commentators and analysts learned one of its important
lessons: protectionist policies are only likely to deepen ...
CNBC Reports Government could buy $100+ Billion in Citigroup Assets
calculatedrisk.blogspot.com 11/23/2008 — From CNBC: Citigroup Update: Government Looking To Buy Assets The government is looking to buy substantial amount of assets from Citi like a good bank, bad bank structure. The Government will absorb much of the losses for citi if there are losses and ...
US military defines Mahdi Army as "militia insurgency group"
longwarjournal.org 11/30/2008 —
Muqtada al Sadr.
The US military has begun to directly identify the Iranian-backed "Special Groups" Shia terror groups with Muqtada al Sadr's Mahdi Army in press information issued in Baghdad.
The direct association between the ...
DHL Closing US Service Centers, Cutting 9,500 Jobs
huffingtonpost.com 11/10/2008 — ATLANTA — In a move that could greatly scale back a possible venture between UPS and Deutsche Post's DHL, the German company said Monday it will significantly reduce its air and ground operations in the U.S. and cut 9,500 jobs within the country.
The DHL-UPS deal was expected to last ...
US hits Taliban safe house In North Waziristan
longwarjournal.org 11/21/2008 —
Map of the tribal areas and the Northwest Frontier Province. The government signed peace agreements in the red agencies/ districts (the military said Shangla was under Taliban control in October); purple districts are under de facto ...
FDIC Tries To Break Lending Logjam With $1.4 Trillion Guarantee
huffingtonpost.com 11/26/2008 — WASHINGTON — The FDIC will guarantee up to $1.4 trillion in U.S. banks' debt for more than three years as part of the government's financial rescue plan.
The directors of the Federal Deposit Insurance Corp. voted Friday to approve the plan, ...
The Fourth Amendment Abroad:
volokh.com 11/25/2008 — The Second Circuit has just handed down a very important new Fourth Amendment case on how the Fourth Amendment applies overseas: In re Terrorist Bombings of U.S. Embassies (Fourth Amendment...
U.S. Offers Citigroup Expansive Safety Net —
Wash Post Federal Page 11/24/2008
The government said last night that it will provide a multibillion-dollar backstop for Citigroup, revamping emergency efforts yet again to head off the failure of a company more deeply intertwined with the financial system than nearly any other.
Follow BeltwayBlips on Twitter
