Nov 23 2008
Government To Help Citibank?
Citibank has not been doing too well to say the least. Its stocks are down to $3.77. It now plans to put risky assets into a “bad bank” to save itself to some degree. The government will have to get involved once again. It does not seem that bankruptcy will occur anytime soon, as depositors and partners are sticking with the financial organization. All that can change, however, if they do not act now, before markets open again on Monday. They then may join a long list of companies that have fallen this year alone.
Why am I especially interested in this news? I have my checking and savings account with Citibank, as well as the mortgage of the home. What will happen if things get worse for them? Will they be bought out by another bank? Does the government really have enough to save them? Even if Citi is saved, who will have to take the hit for them? Things are definitely getting worse before they get better.
- Red Cross Borrowing Funds to Help Flood Victims
- A Blogger’s Simple Tips to Help You Become a Better Writer
- Online Backgammon Operator Donates Huge Sum for Boxing Shorts to Help Fighter Roman Greenberg Win World Championship
- What to ask to Help You Choose The Travel Agent Who Will Get You The Lowest Fare
- Why Don’t Men like to help clean?
