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Citigroup pending collapse, banking system could freeze again

Posted by Adrian on January 14, 2009

Ben Bernanke has pleaded the case to releases the rest of the 700billion TARP, this comes as an indication that Citigroup could be completely dismantled.

Obama will lobby but will Congress buy it?

Key notes:
Taxpayer Buying toxic waste from Citogroup, stays on Treasuries balance sheet
Taxpayer saving essentially a terrible business model – Citigroup.

What ever the case, expect return to volatility in the market and risk aversion. US dollar selling. More notably indices could go into free fall again akin to the Lehman collapse in 2008.
Citigroup is the big one.

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