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To: mathwhizz
Marketwatch:

U.S. agrees to bail out Citigroup: WSJ

*************************EXCERPT****************************

A similar assistance structure was used successfully in the 1990s, with funding from private investors, to rescue Mellon Bank, now called Bank of New York Mellon Corp.

36 posted on 11/23/2008 9:40:45 PM PST by Ernest_at_the_Beach (No Burkas for my Grandaughters!)
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To: Ernest_at_the_Beach
It seems C's assets (good, bad, or otherwise) of $3.1T are equal to about 3/4 the GNP of Japan.

The world needs Uncle Sam to do something about Citi.

yitbos

53 posted on 11/23/2008 10:01:55 PM PST by bruinbirdman ("Those who control language control minds.")
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