China Post logo China Post 1 month ago

Citigroup guarantees may cost U.S. taxpayers: panel

NEW YORK -- U.S. taxpayers may have to share in the losses on US$301 billion of Citigroup Inc. loans and securities covered by federal guarantees after unemployment reached a 26-year high, according to the Congressional panel overseeing bank-bailout... Full Article at China Post

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  1. November 5, 2009 - The Congressional Oversight Panel today released its November oversight report, "Guarantees and Contingent Payments in TARP and Related Programs." Full Article at YubaNet

  2. The U.S. government guaranteed as much as $4.3 trillion in financial assets last year, making such backstops the biggest and riskiest part of Washington's response to the financial crisis, a bailout watchdog panel said on Friday. Full Article at CNBC

  3. One of the federal government’s most opaque methods for bailing out the banking system allowed a handful of giant institutions to save up to $25 billion on their borrowing costs, a Congressional panel estimated on Friday, Edmund L. Andrews writes in... Full Article at Dealbook

  4. WASHINGTON (MarketWatch) -- A key Congressional watchdog group offered a mixed review Friday for the trillions of dollars in government guarantees provided as part of the financial-crisis bank bailout program. Full Article at MarketWatch

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  1. NEW YORK - NOVEMBER 22: Chairman of Citigroup Richard Parsons attends the opening night of ''Dreamgirls'' at The Apollo Theater on November 22, 2009 in New York City.
  2. Primus Financial Managing Director, Chairman and Co-Chief Executive Officer Robert Morse speaks during a news conference in Taipei October 13, 2009.
  3. SOUTHPORT, CT - AUGUST 02: The home of Andrew Hall, the controversial recipient of a reported $100 million bonus from Citigroup, is viewed on August 2, 2009 in Southport, Connecticut.
  4. Men carrying a sign which reads: "Let's walk together for employment: against unemployment, job insecurity and layoffs.", attend a national demonstration to protest against unemployment in Paris December 5, 2009.
  5. NEW YORK - NOVEMBER 23:  Veterans and family members wait on line to attend the 'Operation: Hire Veterans Career Fair' sponsored by the Department of Labor at the Intrepid Sea, Air & Space Museum November 23, 2009 in New York City.

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