U.S. Agrees to Citigroup Bailout (Guarantees $300 billion in toxic assets)

Wall Street Journal ^

[ConservativeMan55]

I am in my mid 20’s and we’ll be paying for these “bailouts” for the rest of my life...

[BenLurkin]

[Leisler]

Asia markets down.

[Pining_4_TX]

Thank you, sir, may I have another? I love being robbed to pay for the profligacy of others!

[Lurker]

Watch for Citi stock to close below 5 a share again tomorrow.

The short sellers are going to kill them, and rightfully so.

L

[realdifferent1]

When do we start 'Watering the tree'?

How much more of this crap are we going to put up with?

Any one who is gainfully employed now is a fool, and will be raped by these people.

[John W]

“The government is not expected to require any management changes, as that was seen as potentially being too destabilizing.”

Doesn’t something have to be stable before it stands the possibility of being destabilized?

[ElkGroveDan]

Next up, newspaper bailouts. After that we can resurrect the typewriter companies.

[Mad_Tom_Rackham]

For a minute, I thought this was going to cost a lot.

[hercuroc]

MADNESS!

[Proud_USA_Republican]

Millions of people losing their jobs already are. All because of the greed and stupidity of these financials over leveraging their balance sheets and giving loans to anyone with a pulse.

[Tennessee Nana]

Our troops have to beg for every penny in order to buy ammo and equipment...

[Tennessee Nana]

Alex Guiness, Bridge on the River Kwai

He needs a bailout too...

:)

[PressurePoint]

I paid my taxes.
My taxes are being handed over to Citigroup.
Does this mean my Citibank credit card bills will be comped from here on out?

[Prokopton]

Why don’t we just give a billion dollars to every citizen and be done with it.

[St. Louis Conservative]

I guess the silver lining is that between these massive bailouts and Obama’s new Work’s Progress Administration, we might be spared socialized healthcare. If the federal government was broke before, we are beyond broke now.

[Attention Surplus Disorder]

GREAT news! Hugely bullish! $4 bank needs gov’t bailout in order to prevent implosion. Everybody in!

[umgud]

Damn, I shoulda bought Citigroup last week. I’d be richer Monday. What the hell, the gov’t has decided buy them for me anyway (w/my tax dollars).

[kc8ukw]

I want a Congressman to stand up in front of the cameras and find for me in the Constitution where it says the federal government can do something like this. And if he can really show it to me, I'll be satisfied. But we are heading down a dangerous, dangerous path, where the only limit on federal power will be federal ambition.

I suggest we all make some noise to our Congressmen.