U.S. Government bails out Citigroup
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U.S. Government bails out Citigroup
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U.S. Government bails out Citigroup
The ailing American bank is widely seen as too big to be allowed to go bust, despite losing nearly all of its value. The U.S. government is to inject a further $20 billion into Citigroup and cover $306 billion of the bank's high risk assets.
Submission | November 24, 2008
