Treasury Considering More Citigroup-Style Rescue Packages
WASHINGTON — The Treasury Department opened the door Friday to using a Citigroup-style rescue package to help other troubled financial instituti...
Citibank
This Year's Christmas Gift: Stock for Stocking Stuffers
Fortune's Stanley Bing | Posted 12.16.2008 | Business
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(GM),
Yahoo,
Gm,
(F),
Citibank,
Ford,
Steve Kroft,
(YHOO),
(C),
Stocks,
Stocking Stuffers,
Business News
Let's make this a merry and happy holiday season for all the needy around the world, including the fine companies whose stocks are stupidly undervalued by the moronic times in which we live.
Offshoring and the Auto Industry
Steve Clemons | Posted 12.08.2008 | Business
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Aig,
Auto Bailout,
Social Contract,
Gm,
General Motors,
Trade,
United Auto Workers,
Citibank,
Michael Moore,
Paul Krugman,
Uaw,
Offshoring,
China,
Barack Obama,
Automaker Bailout,
Detroit Bailout,
Business News
There is nothing in the current outlines of the auto bailout package that requires the auto industry to keep jobs in the U.S. This money can go to help them manage their facilities abroad.
Investors Accuse Citi Execs Of "Suspicious" Trades Of Over $150 Million
Reuters | Martha Graybow | Posted 12.03.2008 | Business
An investor lawsuit contends that Citigroup Inc insiders, including senior counselor and former U.S. Treasury Secretary Robert Rubin, sold more than $...
Robert Rubin: Coward or Liar -- or Both?
Jonathan Tasini | Posted 11.29.2008 | Politics
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Citibank,
Robert Rubin,
Financial Crisis,
Debt,
Working Life,
Housing Crisis,
Dean Baker,
Bill Clinton,
Economy,
Treasury,
Economic Crisis,
Politics News
It's Judgment Day. Rubin needs to get a pink slip and stand on the unemployment line with the vast sea of people he helped put there.
Obama's Wall Street Woes
Robert L. Borosage | Posted 11.25.2008 | Politics
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Citibank,
Bailout,
Economic Team,
Economy,
Obama Cabinet,
Economic Crisis,
Obama Administration,
Barack Obama,
Robert Rubin,
Wall Street,
Tim Geithner,
Henry Paulson,
Treasury Secretary,
Politics News
Obama presented his economic team -- all protégés of Robert Rubin -- just as the Treasury was pumping out billions to rescue Citibank -- which featured Rubin as chair of its executive committee. Is this the change we need?
Excessive Avarice Tax
Joe Peyronnin | Posted 11.25.2008 | Business
It is going to take more than a $750 billion TARP for the newly established "Office of Financial Stability" to right the ship.
Is Robert Rubin "Competent" Enough To Guide Team Obama?
Jane Hamsher | Posted 11.25.2008 | Business
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Robert Rubin,
Citibank,
Paul Krugman,
Barack Obama Robert Rubin,
Citigroup Rescue,
Citigroup Bailout,
Barack Obama,
Citigroup,
Obama's Economic Team,
Business News
Yes, it's incredible that nobody required Rubin and the board to resign as a condition of the Citibank bailout. But I tend to look at these final days as the BushCo crooks holding their final heist.
GM lets Tiger go: MediaBytes with Shelly Palmer November 25, 2008
Shelly Palmer | Posted 11.25.2008 | Media
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Google,
Twitter,
Mets,
Case,
Gm,
Spam,
Tiger Woods,
Facebook,
Mediabytes,
Layoffs,
Greys Anatomy,
Barack Obama,
Shelly Palmer,
Boston Legal,
Citibank,
Eric Schmidt,
Media News,
Media News
General Motors ended its seven year relationship with Tiger Woods yesterday. GM, who is trying to drastically cut costs, ended the contact with the...
Citi, AIG Won't Drop Big Sports Sponsorships
ABC News | Posted 11.24.2008 | Business
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Economic Bailout,
New York Mets,
Sports,
Wall Street Crisis,
Citibank,
Citi Field,
Aig,
Citigroup,
Business News
AIG, Citibank and a number of other federally bailed-out financial institutions have no plans to cancel hundreds of millions of dollars in sports team...
Time to Change the Rules Rather Than Throw More Money at the Banks
David Paul | Posted 11.23.2008 | Business
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Credit Derivatives,
Wall Street Bailout,
General Motors,
Citibank,
Financial Crisis,
$700 Billion Bailout,
Henry Paulson,
Aig,
Credit Default Swaps,
Wall Street Crisis,
Bailout,
Obama Administration,
Obama Economy,
Citigroup,
Business News
The current lesson for the commercial banks is that if they want to survive, they should not do any of the things -- such as increase lending -- that the Treasury is trying to get them to do.
Citigroup Holds Talks With US Government As Shares Plummet
Reuters | Posted 11.21.2008 | Business
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Citigroup Investors,
Citigroup Stock,
Citigroup Bailout,
Citibank,
Citigroup,
Business News
Citigroup Inc has begun talks with the U.S. government as its plummeting share price raises doubts about the bank's ability to survive, a person famil...
Citigroup Loses More Than One-Quarter Of Its Market Value
Reuters | Posted 11.20.2008 | Business
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Citibank Losses,
Financial Crisis,
Citigroup Stock,
Citigroup Market Value,
Citigroup Losses,
Citibank,
Business News
Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of...
Citigroup Stock Drops To 13-Year Low, Fear Grows
Reuters | Jonathan Stempel | Posted 11.19.2008 | Business
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Citibank Stock,
Citigroup,
Citigroup Stock,
Citibank Stock Price,
Citibank,
Business News
Citigroup Inc faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares tumbl...
Citigroup Job Cuts: Could Citi Be Headed For Buyout Or Government Takeover?
Huffington Post | Dave Burdick | Posted 11.17.2008 | Business
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Citigroup Buyout,
Vikram Pandit,
Citigroup Takeover,
Citigroup,
Global Economy,
Finance,
Economy,
Citibank,
Financial Crisis,
Banks,
Citigroup Buyer,
Citigroup Job Cuts,
Citibank Job Cuts,
Citi Job Cuts,
Business News
All weekend, the media has been atwitter with the rumor of enormous impending job cuts at Citigroup. This morning, Clusterstock reports that Citigroup...
Will someone tell Hank it's time to change course in the financial bailout?
David Paul | Posted 11.15.2008 | Business
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JPMorgan Chase,
Credit Derivatives,
Hank Paulson,
Financial Bailout,
Mortgage Backed Securities,
Subprime Mortgage Crisis,
Derivatives,
Citibank,
Bank of America,
Financial Crisis,
Credit Default Swaps,
Home Foreclosures,
Business News
The longer this goes on, the more absurd it is becoming. Hank Paulson may know what he is doing. He may have insight that is lost on the rest of us. ...
Citigroup To Cut 10 Percent Of Its Workforce
Reuters | Posted 11.14.2008 | Business
Citigroup Inc plans to shed about 10 percent of its global workforce, a person familiar with the matter said Friday, as the bank tries to return to pr...
Citigroup Posts $2.8 Billion Loss
AP | MADLEN READ | Posted 10.16.2008 | Business
NEW YORK — Citigroup Inc., suffering its fourth straight quarterly loss and forfeiting the title of largest U.S. bank by assets, is falling behi...
Citi Gives Up Challenge To Wells Fargo-Wachovia Deal
AP | SARA LEPRO | Posted 10.09.2008 | Business
NEW YORK — Wells Fargo emerged as the apparent victor in the battle for control of Wachovia bank Thursday night, after rival suitor Citigroup br...
New York Psychiatrist Uses Verbal Abuse On Wall Street Clients
The Daily Beast | Dr. Stephen Josephson | Posted 10.06.2008 | Business
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Wall Street,
Wall Street Crisis,
Therapy,
Psychiatry,
Lehman Brothers,
Lehman Brothers Bankruptcy,
Goldman Sachs,
Bear Stearns,
Bear Stearns Collapse,
Merril Lynch,
Citibank,
Deutsche Bank,
Moody's,
Economy,
Finance,
Business News
A New York psychiatrist says caustic verbal abuse is the best treatment for traumatized Wall Street jocks. Last week the bottom dropped out of the fi...
Of Wannabe Sith Lords and Maverick Politicians
Steven Denlinger | Posted 10.01.2008 | Politics
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Europe,
Oncologist,
Brownnoser,
Straight Talk Express,
George W. Bush,
Maverick,
Sith Lord,
China,
Wall Street Journal,
Sarah Palin,
House Republicans,
Ventura,
Reagan,
Lung Cancer,
Richard Nixon,
Nancy Pelosi,
Citibank,
Russia,
Little Ice Age,
Jimmy Stewart,
Us Treasury,
Gary Cooper,
Admiral Stockdale,
Herbert Hoover,
John McCain,
Chase,
Joe Blow,
Lou Dobbs,
Newt Gingrich,
Democrats,
Marc Seltzer,
Barack Obama,
Jerry Ford,
Fed Chairman,
Thames River,
Chicken,
High Noon,
Georgia,
Ben Bernanke,
Treasury Secretary,
Franklin Delano Roosevelt,
The Man Who Shot Liberty Valance,
Politics News
A FRIEND recently sent me an email that expressed his frustration with the bailout plan: "I was talking with a businessman on Sunday (Ventura way),...
Banks May Have Lost $500 Billion In Credit Crisis
Clusterstock | Jonathan Kennedy | Posted 08.20.2008 | Business
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Bank Losses,
Citigroup,
Citibank,
Federal Reserve,
Banking Crisis,
Ben Bernanke,
Credit Crisis,
Business News
Remember when everyone gasped in astonishment when Fed Chairman Ben Bernanke said that total losses from the credit crisis could eventually sum to a w...
Calamity Kaine: Virginia Gov, Possible Veep, Trembles at Big Coal
Glenn Hurowitz | Posted 06.16.2008 | Green
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Barack Obama Vice President,
Virginia,
Energy,
Vice President,
Dominion Power,
Wise County,
Tim Kaine,
Citibank,
Environment,
Corporate,
Climate Change,
Air Pollution,
Pollution,
Climate Crisis,
Coal,
Green News
Virginia governor Tim Kaine set a new standard for politician mealy- mouthedness with a letter to his Air Board. The situation is clear to most Virginia watchers: Kaine is terrified of Big Coal.
Student Loans Start To Bypass 2-Year Colleges
New York Times | Posted 06.02.2008 | Business
Some of the nation's biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive insti...
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