1.0 link 145856 <![CDATA[Citigroup Bailout: Feds Offer Massive Rescue Package To Financial Giant]]> http://www.huffingtonpost.com/2008/11/23/feds-consider-plan-to-res_n_145856.html The government unveiled a bold plan Sunday to rescue troubled Citigroup, including taking a $20 billion stake in the firm as well as guaranteeing hundreds of billions of dollars in risky assets.

The action, announced jointly by the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp., is aimed at shoring up a huge financial institution whose collapse would wreak havoc on the already crippled financial system and the U.S. economy.

The sweeping plan is geared to stemming a crisis...

]]> 2008-12-24T05:12:00-05:00