You've seen them. They are today's can't miss headlines: "U.S. and Citigroup Strike Deal, U.S. to Raise Stake in Citi."
Sounds just like any other financial news alerts, but the "U.S." in these headlines is not the name of a bank, it's the American taxpayers (you). This latest deal will leave the government owning as much as 36% (up from its now-owned 8%), and shareholders around 26%, of the ... read more
The U.S. government may have to overhaul its rescue of American International Group (AIG), possibly even taking stakes in various units the insurer is trying to sell but can’t get a good price for, according to media reports. FOX Business’s Sandra Smith has the ... read more
So Citigroup isn't the only one back at Uncle Sam's door asking for more of your money and/or new terms for borrowing it. After receiving $150 billion in rescue funds, AIG is asking to have paybacks be not so much of a ... well, we'll just say not so tough.
Speaking of AIG, make sure you don’t miss this report by FBN's Peter Barnes from Monday evening on whether or not some government ... read more
February 27, 2009 12:00 PM EST
Your Money and New U.S., Citi Deal
You've seen them. They are today's can't miss headlines: "U.S. and Citigroup Strike Deal, U.S. to Raise Stake in Citi." Sounds just like any other financial news alerts, but the "U.S." in these headlines is not the name of a bank, it's the American taxpayers (you). This latest deal will leave the government owning as much as 36% (up from its now-owned 8%), and shareholders around 26%, of the ... read more
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