Treasury to mull Citi-style rescues

JEANNINE AVERSA
AP
Sunday, January 4, 2009

The Treasury Department opened the door Friday to using a Citigroup-style rescue package to help other troubled financial institutions.

The financial lifeline thrown to Citigroup Inc. (C) in late November involved backing billions in risky assets and providing the banking giant with a fresh capital infusion.

Treasury said participation by other companies in such a program would be weighed on a case-by-case basis. Treasury said it would consider, among other things, whether the “destabilization” of a financial institution could threaten the viability of creditors and others. It also would weigh the extent to which the institution faced a loss of confidence because of the troubled assets it held.

The information was contained in guidelines for the initiative, dubbed the Targeted Investment Program, unveiled on Friday.

Full article here

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2 Responses to “Treasury to mull Citi-style rescues”

G. Lauren Says:
January 4th, 2009 at 10:05 pm
Otherwise known as the Faustian bargain.
.DJ.O.R.B. Says:
January 5th, 2009 at 3:46 am
INFORMATION IS THE BEST WEAPON TO USE AGAINST THESE NEO-SCUM BASTARDS !!

IT’S TIME FOR ALL INFOWARRIORS TO STEP UP, STEP FORWARD, AND POLLUTE THE
WORLD WITH OUR COLLECTIVE KNOWLEDGE OF CONSCIOUSNESS. 1 LOVE !!!!!!!!!!!

TIME TO GIVE POWER BACK 2 THE PEOPLE, GIVEN BY THE PEOPLE, & GIVEN 4 THE PEOPLE

AND SO BEGINS THE REVOLUTION …………………………………………….

………”RON PAUL”……………………….”ALEX JONES”………………………….”DAVID ICKE”……….
…..FOR PRESIDENT…………….FOR VICE-PRESIDENT………….FOR SECRETARY-OF-STATE…..