FDIC's Bair Pressures Citi: Get Your House In Order

07/11/2009 05:12 am ET | Updated May 25, 2011

Tough words from Washington arrived by phone on Tuesday at Citigroup headquarters in New York.

On the line was Sheila C. Bair, the head of the Federal Deposit Insurance Corporation - and a powerful behind-the-scenes player at the giant bank. She was calling to press directors once again to put Citigroup's troubled house in order.

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