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: The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C.

Citibank Rescue

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From the Associated Press: "Government plans massive Citigroup rescue effort," by Jeannine Aversa--

Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow a fresh $20 billion into the company.

Regulators hope the dramatic action will bolster badly shaken confidence in the once-mighty banking giant as well as the nation's financial system, a goal that so far has been elusive despite a flurry of government interventions to battle the worst global crisis since the 1930s.

--Posted by Alton Illinois personal injury lawyers and the Alton Illinois car accident attorneys of Schaeffer & Lamere, P.C., handling Missouri and Illinois accidents, personal injury, products liability, workers' compensation, medical malpractice, truck accidents, and all other types of injury cases.

Full post as published by The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C. on November 24, 2008 (boomark / email).

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Lawsuits and Settlements

Citibank
Will Repay $14 Million to Credit Card Customers

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