KYConservative
May 3rd, 2009, 10:00 am
Citi Said to Need Up to $10 Billion (http://online.wsj.com/article/SB124118983425877399.html)
Bank Disputes 'Stress Test' Result; U.S. to Let Lenders Convert Loans to Common Stock
Citigroup Inc. may need to raise as much as $10 billion in new capital, according to people familiar with the matter, as the government continues negotiations with banks over the results of its so-called stress tests.
The bank, like many others, is negotiating with the Federal Reserve and may need less if regulators accept the bank's arguments about its financial health, these people said. In a best-case scenario, Citigroup could wind up having a roughly $500 million cushion above what the government is requiring.
Citibank will be asking the tax payer for more money when no one will invest in this Arab owned investment with American tax payer guarentee of a great return.
President Bush used American tax payer monies to ensure the Arab oil barons investment was solid.
Here is the deal, the first news outlet that PM's me with a verifiable email address of being from a major news source, I will share some information and opinions that could become a breaking news event concerning Citibank bail-out and the big push by President Bush and the Republicans to push the bail-outs through regardless of public outcry or opinion.
Bank Disputes 'Stress Test' Result; U.S. to Let Lenders Convert Loans to Common Stock
Citigroup Inc. may need to raise as much as $10 billion in new capital, according to people familiar with the matter, as the government continues negotiations with banks over the results of its so-called stress tests.
The bank, like many others, is negotiating with the Federal Reserve and may need less if regulators accept the bank's arguments about its financial health, these people said. In a best-case scenario, Citigroup could wind up having a roughly $500 million cushion above what the government is requiring.
Citibank will be asking the tax payer for more money when no one will invest in this Arab owned investment with American tax payer guarentee of a great return.
President Bush used American tax payer monies to ensure the Arab oil barons investment was solid.
Here is the deal, the first news outlet that PM's me with a verifiable email address of being from a major news source, I will share some information and opinions that could become a breaking news event concerning Citibank bail-out and the big push by President Bush and the Republicans to push the bail-outs through regardless of public outcry or opinion.