taxpayers to cover 300 billion in Citibank

[Diesel99]

taxpayers to cover 300 billion in Citibank losses WOW hey I guess the USA is all subprime now huh.
In addition to the capital injection of 20 billion, Citigroup will have an extremely unusual arrangement in which the government agrees to backstop a roughly $300 billion pool of its assets, containing mortgage-backed securities among other things.

http://online.wsj.com/article/SB122747680752551447.html

 

[donbrown]

I worked there for a long time.

I guarantee you no one in upper management is hurting financially unless you think a net worth of 200 million is now 75 million is painful.

All the little people working there get screwed all the time.

 

[triple]

Give chitibank all they need. Just don't give it to the Big Three

 

[sledin]

So if the company I work for needs a bailout will the government help?No!As for the big three,let the oil companies bail them out,they all make billions in profit each year!!

 

[swampwater]

NO BAILOUTS to anyone, let the free market work!!!! Swampy

 

[Blisteringsnorider]

NO BAILOUTS to anyone, let the free market work!!!!

^^^^^^^^^^^^^
Kinda agree on this one

 

[Snow Fox]

It is not the USA anymore...........we now can all call it the USSA.

UNITED SOCIALIST STATES OF AMERICA............

 

[Pekabu]

So not only do I get to pay my mortgage payment, I now get pay tax money to them too. So which one do I get to stop paying now!

Just pisses me off. I live in a very modest house, and have a small mortgage that I pay and I'm current on.

 

[Weekday Warrior]

we are all ***ked,

that 700 BILLION bailout that started it off was NOT 700 billion, it was 1.8 trillion

the other bailouts you are hearing about DOES NOT INCLUDE the earmarks and pork attatched, no one tells you those figures.


I think all the bailouts are auctually going to backfire and send us way deeper into a depression, perhaps even total collapse.

 

[Fosgate]

Bail out the investors but what good will that do for the layoffs that are happening now? More are going to default and they'll want another one. My brother just got laid off after 15yrs and his buddy 20yrs in the business. Friend of mine just had his brother out in Seattle get laid off and is moving back to SD after working for that company for 11yrs. Sisters inlaw also laid off after several years w same company.

 

[milehighassassin]

What is it? Something like $7.3 TRILLION? That is 1/2 of our ENTIRE GDP. Sickening.


This is effing highway robbery.

 

[Snow Fox]

we are all ***ked,

that 700 BILLION bailout that started it off was NOT 700 billion, it was 1.8 trillion

the other bailouts you are hearing about DOES NOT INCLUDE the earmarks and pork attatched, no one tells you those figures.


I think all the bailouts are auctually going to backfire and send us way deeper into a depression, perhaps even total collapse.

I agree, when the bottom finally falls completely out it is going to be very bad. Every politician that voted for the bailout bill should be imprisoned, they are all traitors to this country!!