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Friday, January 14, 2011
Extraordinary Financial Assistance Provided to Citigroup
SIGTARP just came out with a report on the extraordinary assistance provided to Citigroup during the crisis, the $306B ‘ringfence’ by the Fed/FDIC/Treasury of Citigroup assets. This report was requested by Rep. Alan Grayson in June, 2009. I’m still going through it. What is striking is just how fragile Citigroup really was/is. The $500B in [...]
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