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And what will CitiBank do with the money?

If you have been reading the financial news, Citigroup (parent of CitiBank) has been tanking, may be involved in the financial scandals. Looks like the Japanese retain their bad judgement.

Quite correct. But I don't think that the Feds will allow "C" to tank. They will adopt the Japanese model and funnel free money to them to stay afloat. So that Citigroup never has to eat all of the bad loans nor disclose the shady dealings they have been involved with for over 20 years.

If you have been reading the financial news, Citigroup (parent of CitiBank) has been tanking, may be involved in the financial scandals. Looks like the Japanese retain their bad judgement.

Citigroup is involved in all sorts of sleaziness and illegal activities, but the company is so big that it doesn't mean all that much to its overall health. They're currently making a profit of ~$16 billion per year. Even if every single one of the lawsuits and potential fines related to all their dirty Enron dealings and Grubman moneygrubbing were to go against them, it wouldn't be more than a black eye to the company. It'd wipe out a couple quarters' worth of profit, but it certainly won't happen all in one quarter if it does occur. They would have to be involved in some far more serious illegal activities, on a much more massive scale, before there would ever be a real risk of it bringing down the company.

they are naive to US politics. It's called "Stockholm Synddrome"... you suck up to the individuals who nuked you... instead of actually learning history and figuring it out! WEAK WEAK WEAK!!!