Friday, January 02, 2009

CitiGroup Bailout (Confusion)

Am I the only one confused about the details of the Citigroup bailout?

Citigroup washed 300 billion in terrible investments early in the TARP program. Recently we are hearing reports about an additional 20 billion dollars. It remains unclear how the funds will be used by Citigroup. Citigroup claims they are building some sort of self regulating body to manage the funds (are you kidding me, a self governing body LOL).
Either way, I would love to hear about the details regarding the initial 300 billion wash of loss leading assets. Any comments pertaining to the money thrown down the trap hole known as Citigroup are welcome!

Financial Crisis Bailout Discussion

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