Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Citigroup to need more of our money. But no mortgage relief for you!!!

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 05:20 PM
Original message
Citigroup to need more of our money. But no mortgage relief for you!!!
Citigroup said to need up to $10 Billion

Citigroup Inc may need to generate up to $10 billion in new capital to meet the requirements of the U.S. government's stress tests, the Wall Street Journal reported on its website on Friday,

Like other financial institutions, the bank is in talks with the Federal Reserve about whether it needs more capital, the Journal said, citing unnamed sources.

Citigroup may need less if regulators accept its arguments about its financial health. In a best-case scenario, Citigroup could have a roughly $500 million cushion above what the government requires, the paper reported.

Calls to Citigroup were not immediately returned. A spokesman for the U.S. Treasury had no comment.

-snip-
http://www.reuters.com/article/businessNews/idUSTRE5410...


Also, it is widely rumored, considering the continuing delays in the release of the bank stress tests, that Citi won't be the only one needing more of your tax dollars. Perhpas from 6 to 14 of the 19 banks tested will need more taxpayer-funded capital injections to stay afloat awhile longer.

But..

NO HELP FOR YOU IF YOU'RE FACING A MORTGAGE DEFAULT!!!



Throw the bums out!!!
http://www.democraticunderground.com/discuss/duboard.ph...

Printer Friendly | Permalink |  | Top
Sebastian Doyle Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 05:32 PM
Response to Original message
1. Not another fucking cent for these bastards.
Too big to fail? Break them up. Freeze the assets of the Saudis and any other foreign nationals that have ownership of these criminal corporations. Track down every last penny they have sent out of the country and return it to the American people. And any senator that continues to support these motherfuckers over the American people should be charged with treason.

Fuck it. no more excuses. These criminals have declared war on the American people, and nobody's standing up to them.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Jul 23rd 2014, 07:28 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC