Comments on: Citigroup Lands Government Rescue Plan

By: Fraud and Greed of Trusted Rating Agencies Helped Spread the Credit Crisis

Fraud and Greed of Trusted Rating Agencies Helped Spread the Credit Crisis — Wed, 08 Apr 2009 18:55:43 +0000

[...] of American International Group Inc.(AIG), and a few other minor nap-interrupting events, including the bailout of Citigroup Inc. (C). I’m only sorry that the Commission’s disjointed hibernation should once again be [...]

By: As Resurgent U.S. Banks Shift Into Profit Mode, Hitch a Ride With These Two for Gangbuster Returns

Wed, 18 Mar 2009 10:31:22 +0000

[...] regional banks have been coping quite well with their impaired-value assets, Citigroup has been forced to get a $300 billion guarantee on its assets from the Fed, and nobody knows if even that will be enough. The bank is now [...]

By: Citigroup Splits Up After Fifth Straight Quarterly Loss

Citigroup Splits Up After Fifth Straight Quarterly Loss — Sun, 18 Jan 2009 15:30:20 +0000

[...] Money Morning: Citigroup Lands Government Rescue Plan [...]

By: War on the Home Front » Blog Archive » TARP Bailout Funds Being Used to Buy Other Banks, Not Lend to Consumers

Sun, 18 Jan 2009 05:51:04 +0000

[...] This all happens without any of the economic benefits that an actual increase in lending would have had. And it does nothing to address the billions worth of illiquid securities that remain on (or off) banks’ balance sheets – as the recent Citigroup Inc. (C) imbroglio demonstrates. [...]

By: TARP Bailout Funds Being Used to Buy Other Banks, Not Lend to Consumers « War on the Home Front

Tue, 13 Jan 2009 03:01:31 +0000

By: Corporate Bankruptcies Will be a Key Investor Concern in the New Year

Corporate Bankruptcies Will be a Key Investor Concern in the New Year — Tue, 06 Jan 2009 23:59:20 +0000

[...] financial-sector giants American International Group Inc. (AIG) and Citigroup Inc. (C) were both bailed out a vast expense to [...]

By: Jutia Group - Market Jitters & Political Critters

Jutia Group - Market Jitters & Political Critters — Mon, 05 Jan 2009 15:23:28 +0000

[...] Citigroup shares rose 6.4% to close at $7.14 after the bank revealed it would not be paying bonuses to its top executives [For more details on the Citi announcement, check out this related story in today’s issue of Money Morning]. Financial stocks also got a boost from a report that the U.S. Treasury Department said it would consider insuring toxic assets at large firms from unlimited future losses, just as it did for Citigroup in November. [...]

By: Billions in U.S. Bank Rescue Funds are Fueling Buyouts Worldwide – Instead of Lending at Home

Fri, 05 Dec 2008 10:32:55 +0000

By: Web Smith

Web Smith — Mon, 24 Nov 2008 19:00:07 +0000

Unlike the auto bailout, this bailout doesn’t allow us to keep jobs or generate commerce plus, they were not adversely affected by the economic crisis. They caused it. After already giving them $25 billion, they are still foreclosing on our homes, charging us loan shark rates on our credit cards, and refusing to loan money to business resulting in more lost jobs and no commerce whatsoever. We should first demand a management change and a plan. What is to guarantee that, after we bail them out, they don’t just go out and do the same things that got them to this point all over again only to have us left holding a lot of worthless stock. Get rid of those corporate jets and the high salaries and bonuses. Otherwise this is just more money after bad.

http://ewebsmith.com/gov/BankBailOut.html