<![CDATA[Krugman: Citigroup Bailout Necessary, But Structured Outrageously]]>

1.0 link 146176 <![CDATA[Krugman: Citigroup Bailout Necessary, But Structured Outrageously]]> http://www.huffingtonpost.com/2008/11/24/krugman-citigroup-bailout_n_146176.html One economist who's not pleased with the way the bailout of Citigroup is structured is Nobel Prize winner, and Princeton economics professor, Paul Krugman. Krugman acknowledged that the bailout was necessary, but wrote on his blog that the structure of this bailout is an 'outrage':

A bailout was necessary -- but this bailout is an outrage: a lousy deal for the taxpayers, no accountability for management, and just to make things perfect, quite possibly inadequate, so that Citi will...

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