Monday, November 24, 2008

In the loop

I realize there is a glut of jokes about how irrelevant Pres. Bush seems these days, but I'll just share these two headlines:
  • Sun Nov 23, 2008 4:56pm EST
    White House says unaware of any Citigroup rescue talks

    ABOARD AIR FORCE ONE (Reuters) - White House spokeswoman Dana Perino said on Sunday she knew of no talks going on between banking giant Citigroup and the federal government for financial aid.

  • Mon Nov 24, 2008 8:06am EST
    U.S. rescues Citi with $20 billion capital

    NEW YORK (Reuters) - The U.S. government has bailed out Citigroup Inc, agreeing to shoulder most of the potential losses on $306 billion of high risk assets and inject $20 billion of new capital, in its biggest rescue of a bank yet.

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