I believe you are right. Paulson said he will not ask congress for the remaning $350 billion.
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Citigroup seeks "emergency cash" from U.S. Treasury
- Thread starter bond tr4der
- Start date
Quote from Trendytrader:
is TARP empty?
I thought there was only $50B left in the TARP from the first $350 they sourced.
Anyone have the latest numbers.
http://projects.nytimes.com/creditcrisis/recipients/table
Pull your money out now. I think Citi outsizes the FDIC.
I smell another 25 bil govt "investment".
But then who? JPM BAC MER MS ??
Quote from Cdntrader:
I smell another 25 bil govt "investment".
But then who? JPM BAC MER MS ??
Article says they need $50 billion
It's kinda like AIG. They first came out on Saturday saying they need $40 billion and get $80 billion investment comes Monday. As we all know, $80 billion was not nearly enough.
This will be a turning point for this whole catastrophe.
If the fed/treasury pull off a refunding while avoiding a run on the big banks, then we will get out unscathed. Otherwise, watch out.
Short of printing $5T and distributing it straight to the populus, nothing will get us out of a true systemic collapse resulting from a major (chain reaction) bank run.
If the fed/treasury pull off a refunding while avoiding a run on the big banks, then we will get out unscathed. Otherwise, watch out.
Short of printing $5T and distributing it straight to the populus, nothing will get us out of a true systemic collapse resulting from a major (chain reaction) bank run.
Citi already got 25 billion from the Treasury - good going Hank. You are master at sucking.