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Citi gets saved. The federal government agreed to rescue Citigroup (C) late Sunday night, after Friday's trading saw the beleaguered bank close at a paltry $3.77/share. Together with federal officials, Citigroup identified $306B in troubled assets. Citigroup will absorb the first $29B...
President Bush on Monday said, "The Secretary and I share the concerns of our citizens, concerns about jobs, concerns about their savings accounts. This is a tough situation for America. But we'll recover from it. And the first step to recovery is to safeguard our financial system."
Sun, Nov 23 | from Whitehouse.gov