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Citi is SAVED

November 23rd, 2008 · No Comments · Geek

Thank goodness, watching its stock price fall has been scary, but now this will prevent financial meltdown

U.S. agrees to bail out Citigroup – MarketWatch

The U.S. government agreed Sunday night to rescue Citigroup Inc. with a huge bailout plan that includes a $20 billion capital infusion, guarantees for up to $306 billion of Citi’s troubled assets – and control of executive bonuses.

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