Word: rescuees
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2. Didn't the government already rescue Citigroup? True, this is not the first government handout. On Oct. 13, Treasury told Citi and eight other large banks that it would be buying billions of dollars worth of stock in their institutions, the opening move in a mass recapitalization plan for...
4. What are the chances we'll have to save Citi yet again? There are still plenty of questions about Citi's long-term health. The government's rescue addresses $306 billion worth of troubled assets from Citi's $2 trillion balance sheet. The bank, though, has roughly another trillion...
5. Does this rescue mean Citi's stock is a buy? With the government injecting a total of $27 billion into Citi and getting warrants to buy more shares, existing shareholders will be diluted - in other words, every shareholder now owns a smaller slice of the business. On the upside...
President-elect Barack Obama voiced new concern over the economy on Monday when announcing picks for his White House economic team, saying a new economic-stimulus package was needed right away in addition to the ongoing efforts to pump more than $700 billion in federal rescue funds into ailing businesses...
Normally, E.U. countries must obtain approval from Brussels to reduce their VAT rates. But Europe's rescue package might include a provision for countries to cut their VAT rate unilaterally. In snarking at this idea, Merkel and Sarkozy are probably sending a message to other member states that are contemplating...