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Joined: 01 Jan 1970 Posts: 4530
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Posted: Mon Nov 24, 2008 8:56 pm Post subject: Citigroup gets massive government bailout |
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NEW YORK (Reuters) - The government rescued Citigroup Inc, agreeing to shoulder most of the potential losses from $306 billion in its risky assets and inject $20 billion in new capital, its biggest effort yet to prevent a big bank from failing.<div class="feedflare">
<a href="http://feeds.reuters.com/~f/reuters/topNews?a=2SUPxIDR"><img src="http://feedproxy.google.com/~f/reuters/topNews?d=41" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/topNews?a=p4YqkCAD"><img src="http://feedproxy.google.com/~f/reuters/topNews?i=p4YqkCAD" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/topNews?a=w5dkxTjD"><img src="http://feedproxy.google.com/~f/reuters/topNews?i=w5dkxTjD" border="0"></img></a>
</div><img src="http://feedproxy.google.com/~r/reuters/topNews/~4/QQrxzfLXk9s" height="1" width="1"/>
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