And the hits just keep on coming.
International Herald Tribune
U.S. to inject $20 billion into Citigroup
The Associated Press
Sunday, November 23, 2008
WASHINGTON: The U.S. government unveiled a plan Sunday to rescue Citigroup, including taking a $20 billion stake in the firm, whose stock has been hammered on worries about its financial health.
In addition, the government will guarantee as much as $306 billion of risky loans and securities backed by commercial and residential mortgages.
The announcement was made by the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp.
"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless." Francis I, 16 May 2013