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Real Estate & Property Law

: Housing Wire

Federal Reserve Bails Out Ailing Citigroup

By DIANA GOLOBAY

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The U.S. Treasury Department, Federal Reserve and the Federal Deposit Insurance Corp. have entered an agreement to bail out troubled Citigroup Inc. (C: 5.66 +50.13%) with “a package of guarantees, liquidity access, and capital,” according to a joint statement late Sunday. “The U.S. government is committed to supporting financial market stability, which is a prerequisite [...]

Full post as published by Housing Wire on November 24, 2008 (boomark / email).

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