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Citigroup Bailout

Citigroup's Third Government Bailout Probably Not Its Last: Analysts

Bloomberg | Christine Harper | Posted 05.25.2011 | Business

The U.S. government's third attempt to help rescue Citigroup Inc. won't stanch the company's losses, which will continue to swell and may lead the ban...

Citigroup Nationalization: Market Reacts To Talks Of 40% Gov Stake

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sigh...

Robert Rubin's Awkward, Damning Citigroup Crisis Interviews

New York Magazine | Posted 05.25.2011 | Business

Last week's New York Times article, which blamed him for bringing down Citigroup and really the entire global economy, must have been difficult for Ro...

U.S. Pressed To Add Billions To Bailouts | EDMUND L. ANDREWS, ANDREW ROSS SORKIN and MARY WILLIAMS WALSH | Posted 05.25.2011 | Business

The government faced mounting pressure on Monday to put billions more in some of the nation's biggest banks, two of the biggest automakers and the big...

U.S. Could Expand Its Stake In Citi | DAVID ENRICH and MONICA LANGLEY | Posted 05.25.2011 | Business

Citigroup Inc. is in talks with federal officials that could result in the U.S. government substantially expanding its ownership of the struggling ban...

Citi's Sale Of Unwanted Assets Flailing, Difficulty Raising Cash

New York Post | MARK DeCAMBRE | Posted 05.25.2011 | Business

Citigroup's quest to raise cash by selling the assets it doesn't want is falling flat, as would-be suitors have more interest in the parts of the busi...

Banks, Baseball, and What's Wrong with "Naming Rights"

Warren Goldstein | Posted 05.25.2011 | Politics
Warren Goldstein

The brouhaha over Citigroup's naming rights to the new Mets stadium taps into intense feelings, not only about a storied baseball franchise, but also about the economic mess we're in.

Wealth Without Wall Street

Don McNay | Posted 05.25.2011 | Business
Don McNay

There has been a long and irreversible trend toward small, entrepreneurial businesses, located far from money centers. Instead, Washington keeps throwing money at these "too big to fail" money losers.

Letter From Paris: Greed Heard Round The World

Beth Arnold | Posted 05.25.2011 | World
Beth Arnold

While banks and the auto industry have been bailed out, public transportation workers and other civil servants complain that small and medium businesses -- the people -- have gotten a big fat zero.

The Healthcare Crisis is the Employment Crisis

Deborah Burger | Posted 05.25.2011 | Politics
Deborah Burger

If America summons the courage, and the will, to resolve our health care crisis, we can provide our national economy with a genuine and long-term stimulus.

Citigroup And The Credit Card

Christopher Brauchli | Posted 05.25.2011 | Business
Christopher Brauchli

As credit card holders who carry unpaid balances know, most credit card companies reserve the right to raise interest rates at most any time for most any reason.

Treasury Considering More Citigroup-Style Rescue Packages

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The Treasury Department opened the door Friday to using a Citigroup-style rescue package to help other troubled financial instituti...

It Takes a Movement to Save an Auto Industry

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

Picture a massive caravan of thousands of people effected by the auto industry landing up in front of the Capitol demanding action to save their jobs and staying there until Congress acts.

Why Nationalizing GM and Citigroup Makes Sense

Ian Welsh | Posted 05.25.2011 | Business
Ian Welsh

The #1 rule of the financial crisis so far has been that the people who caused it must be left in charge of everything. Going forward that has to change.

Citigroup Bailout Leaves Toxic Securities On Bank's Balance Sheet

Christian Science Monitor | Mark Trumbull | Posted 05.25.2011 | Business

The US government's titanic battle against the credit crisis keeps escalating - and a key reason is that despite bailout efforts, the risk of "toxic" ...

Someone Finally Gets It

Rep. Elijah Cummings | Posted 05.25.2011 | Business
Rep. Elijah Cummings

GM's decision to end its endorsement deal with Tiger Woods is demonstrative of the type of action that every company seeking federal assistance needs to take.

Applying Mitt-o-nomics To The Citigroup Bailout

Bill Scher | Posted 05.25.2011 | Business
Bill Scher

Obviously, Citigroup must have kept secret its unionized workforce. Otherwise, how could it be suffering from such outrageous labor costs! These insidious underground unions must be rooted out and destroyed.

Is Robert Rubin "Competent" Enough To Guide Team Obama?

Jane Hamsher | Posted 05.25.2011 | Business
Jane Hamsher

Yes, it's incredible that nobody required Rubin and the board to resign as a condition of the Citibank bailout. But I tend to look at these final days as the BushCo crooks holding their final heist.

Saudi Prince Alwaleed Bin Talal Has Full Confidence In Citigroup (VIDEO)

CNBC | Posted 05.25.2011 | Business

Saudi Prince Alwaleed bin Talal says he has "full confidence" in Citigroup CEO Vikram Pandit and believes the bank's financial problems will resolve t...

Analyst Argues JP Morgan Chase Might Need More Money Than Citigroup

Silicon Alley Insider | John Carney | Posted 05.25.2011 | Business

Market fear reached such a high last week that JP Morgan CEO Jamie Dimon found he could not get on a plane to Saudi Arabia without arousing suspicions...

Krugman: Citigroup Bailout Necessary, But Structured Outrageously

Huffington Post | Nicholas Graham | Posted 05.25.2011 | Business

One economist who's not pleased with the way the bailout of Citigroup is structured is Nobel Prize winner, and Princeton economics professor, Paul Kru...

Citigroup's Spending Indefensible and Unacceptable

Rep. Elijah Cummings | Posted 05.25.2011 | Business
Rep. Elijah Cummings

If the company has the funds to paste its name on the new Mets stadium, it has the money to maintain its operations and keep the 52,000 jobs it announced last week it would be eliminating.

Credit Markets Tighter Despite Citigroup Rescue

AP | CARLO PIOVANO | Posted 05.25.2011 | Business

LONDON — Dollar lending rates between banks rose Monday despite the announcement of a U.S. plan to rescue troubled lender Citigroup Inc. The ra...

Plan To Save Citigroup Could Be Model For Bank Of America Plan | Posted 05.25.2011 | Business

People had all along compared the new-look, post-Merrill and Countrywide Bank of America to the behemoth Citigroup, calling them both "too big to suc...

Citigroup Bailout: Feds Offer Massive Rescue Package To Financial Giant

Huffington Post/NYT/AP/WSJ | Posted 05.25.2011 | Business

The government unveiled a bold plan Sunday to rescue troubled Citigroup, including taking a $20 billion stake in the firm as well as guaranteeing hund...