Citigroup just got bailed out

[jetonejet]

Thank God! Thank you U.S.S.A, the best communist country in the world! Now Citi can start making bad loans again. Yes!

[Arraya]

Yes, the capitalist will borrow money from the communist to keep it going.

“That’s why now, more than ever, you can feel confident that Citi never sleeps.”

[Arraya]

Yes, the capitalist will borrow money from the communist to keep it going.

“That’s why now, more than ever, you can feel confident that Citi never sleeps.”

[Arraya]

Yes, the capitalist will borrow money from the communist to keep it going.

“That’s why now, more than ever, you can feel confident that Citi never sleeps.”

[Arraya]

Yes, the capitalist will borrow money from the communist to keep it going.

“That’s why now, more than ever, you can feel confident that Citi never sleeps.”

[Arraya]

Yes, the capitalist will borrow money from the communist to keep it going.

“That’s why now, more than ever, you can feel confident that Citi never sleeps.”

[Coronita]

Lol….

“Under the plan, Citigroup and the government have identified a pool of about $306 billion in troubled assets. Citigroup will absorb the first $29 billion in losses in that portfolio. After that, three government agencies — the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp. — will take on any additional losses, though Citigroup could have to share a small portion of additional losses.

The plan would essentially put the government in the position of insuring a slice of Citigroup’s balance sheet. That means taxpayers will be on the hook if Citigroup’s massive portfolios of mortgage, credit cards, commercial real-estate and big corporate loans continue to sour.

In exchange for that protection, Citigroup will give the government warrants to buy shares in the company.

In addition, the Treasury Department also will inject $20 billion of fresh capital into Citigroup. That comes on top of the $25 billion infusion that Citigroup recently received as part of the broader U.S. banking-industry bailout.

The government and Citigroup had hoped to unveil the plan early Sunday evening, but negotiations dragged on longer than expected. Treasury Secretary Henry Paulson began briefing Congressional leaders about the plan later in the evening.”

[Coronita]

Lol….

“Under the plan, Citigroup and the government have identified a pool of about $306 billion in troubled assets. Citigroup will absorb the first $29 billion in losses in that portfolio. After that, three government agencies — the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp. — will take on any additional losses, though Citigroup could have to share a small portion of additional losses.

The plan would essentially put the government in the position of insuring a slice of Citigroup’s balance sheet. That means taxpayers will be on the hook if Citigroup’s massive portfolios of mortgage, credit cards, commercial real-estate and big corporate loans continue to sour.

In exchange for that protection, Citigroup will give the government warrants to buy shares in the company.

In addition, the Treasury Department also will inject $20 billion of fresh capital into Citigroup. That comes on top of the $25 billion infusion that Citigroup recently received as part of the broader U.S. banking-industry bailout.

The government and Citigroup had hoped to unveil the plan early Sunday evening, but negotiations dragged on longer than expected. Treasury Secretary Henry Paulson began briefing Congressional leaders about the plan later in the evening.”

[Coronita]

Lol….

“Under the plan, Citigroup and the government have identified a pool of about $306 billion in troubled assets. Citigroup will absorb the first $29 billion in losses in that portfolio. After that, three government agencies — the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp. — will take on any additional losses, though Citigroup could have to share a small portion of additional losses.

The plan would essentially put the government in the position of insuring a slice of Citigroup’s balance sheet. That means taxpayers will be on the hook if Citigroup’s massive portfolios of mortgage, credit cards, commercial real-estate and big corporate loans continue to sour.

In exchange for that protection, Citigroup will give the government warrants to buy shares in the company.

In addition, the Treasury Department also will inject $20 billion of fresh capital into Citigroup. That comes on top of the $25 billion infusion that Citigroup recently received as part of the broader U.S. banking-industry bailout.

The government and Citigroup had hoped to unveil the plan early Sunday evening, but negotiations dragged on longer than expected. Treasury Secretary Henry Paulson began briefing Congressional leaders about the plan later in the evening.”

[Coronita]

Lol….

“Under the plan, Citigroup and the government have identified a pool of about $306 billion in troubled assets. Citigroup will absorb the first $29 billion in losses in that portfolio. After that, three government agencies — the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp. — will take on any additional losses, though Citigroup could have to share a small portion of additional losses.

The plan would essentially put the government in the position of insuring a slice of Citigroup’s balance sheet. That means taxpayers will be on the hook if Citigroup’s massive portfolios of mortgage, credit cards, commercial real-estate and big corporate loans continue to sour.

In exchange for that protection, Citigroup will give the government warrants to buy shares in the company.

In addition, the Treasury Department also will inject $20 billion of fresh capital into Citigroup. That comes on top of the $25 billion infusion that Citigroup recently received as part of the broader U.S. banking-industry bailout.

The government and Citigroup had hoped to unveil the plan early Sunday evening, but negotiations dragged on longer than expected. Treasury Secretary Henry Paulson began briefing Congressional leaders about the plan later in the evening.”

[Coronita]

Lol….

“Under the plan, Citigroup and the government have identified a pool of about $306 billion in troubled assets. Citigroup will absorb the first $29 billion in losses in that portfolio. After that, three government agencies — the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp. — will take on any additional losses, though Citigroup could have to share a small portion of additional losses.

The plan would essentially put the government in the position of insuring a slice of Citigroup’s balance sheet. That means taxpayers will be on the hook if Citigroup’s massive portfolios of mortgage, credit cards, commercial real-estate and big corporate loans continue to sour.

In exchange for that protection, Citigroup will give the government warrants to buy shares in the company.

In addition, the Treasury Department also will inject $20 billion of fresh capital into Citigroup. That comes on top of the $25 billion infusion that Citigroup recently received as part of the broader U.S. banking-industry bailout.

The government and Citigroup had hoped to unveil the plan early Sunday evening, but negotiations dragged on longer than expected. Treasury Secretary Henry Paulson began briefing Congressional leaders about the plan later in the evening.”

[The OC Scam]

Cool this will keep things going for a few more months!! Man that was close!

I’m so happy the Government is help out the poor needy banks instead of the scum bag people of this country.

The wonderful plan to give the generous banks billions that they will undoubtedly give out as loans with low interest rates for years to come.

What a brilliant plan and great bunch of leaders in Washington.

[The OC Scam]

Cool this will keep things going for a few more months!! Man that was close!

I’m so happy the Government is help out the poor needy banks instead of the scum bag people of this country.

The wonderful plan to give the generous banks billions that they will undoubtedly give out as loans with low interest rates for years to come.

What a brilliant plan and great bunch of leaders in Washington.

[The OC Scam]

Cool this will keep things going for a few more months!! Man that was close!

I’m so happy the Government is help out the poor needy banks instead of the scum bag people of this country.

The wonderful plan to give the generous banks billions that they will undoubtedly give out as loans with low interest rates for years to come.

What a brilliant plan and great bunch of leaders in Washington.

[The OC Scam]

Cool this will keep things going for a few more months!! Man that was close!

I’m so happy the Government is help out the poor needy banks instead of the scum bag people of this country.

The wonderful plan to give the generous banks billions that they will undoubtedly give out as loans with low interest rates for years to come.

What a brilliant plan and great bunch of leaders in Washington.

[Author]

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