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Keyword: citibail

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  • Citibank's computers down, blocking account info

    12/17/2008 4:19:07 PM PST · by rabscuttle385 · 30 replies · 960+ views
    NEW YORK – Customers of New York City-based Citibank have lost access to much of their account information because of a computer outage. Many of the troubled bank's clients haven't been able to retrieve account details online or by telephone since Tuesday afternoon. Others can access only parts of their account profiles. Citibank telephone representatives say they don't know what caused the outage but technicians are working to fix it. They've been telling customers to call back after Wednesday morning.
  • Why Bailouts Are Not the Answer

    12/06/2008 10:26:28 AM PST · by rabscuttle385 · 24 replies · 939+ views
    Seeking Alpha ^ | 2008-12-02 | Peter Schiff
    Keeping track of the ever mutating bailout debate is becoming increasingly difficult. With the Federal money spigots now thrown wide open, and with no one of influence advising restraint, the only debate is where to direct the torrent. During the past week, the talk began with Detroit and Citigroup, but by Friday had shifted to a massive "stimulus package" to bail out consumers. The early buzz includes some very large figures. But first, a bit of a recap: On Monday, the $300 billion Citigroup bailout took center stage. Once again Henry Paulson decided to throw taxpayer funds into a bottomless...