In spite of insisting it is "well capitalized", a Citigroup Bailout Agreement was negotiated involving the Fed, the Treasury, and the FDIC. Here are the Summary of Terms . Following is a lost of some of the more important terms. Click on the link for complete terms. Size: Up to $306 bn in ass ... Read more

The Wall Street Journal is reporting U.S. Agrees to Citigroup Bailout . The federal government agreed Sunday to take unprecedented steps to stabilize Citigroup Inc. by moving to guarantee close to $300 billion in troubled assets weighing on the bank's books, according to people familiar with deta ... Read more

The push to stimulate is underway globally. No one stopped to figure out we are in this mess because of prior pushes to stimulate. Stimlatin' US Style In the US, Democrats say Obama Will Get Stimulus Bill First Day . Congress will send President-elect Barack Obama an economic stimulus package ... Read more

Every week there are a numerous headlines that are worthy of mentioning but I simply run out of time. Here are some news items from around the globe from this past week. Obama Targets 2.5 Million Jobs With Stimulus Plan President-elect Barack Obama said he aims to save or create 2.5 million job ... Read more

Shares of Citigroup fell another 20% today to $3.77 and touched a new low at $3.05. Billed as "too big to fail" Citigroup May Get Government Rescue . Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, inve ... Read more

The action in gold and the miners is very encouraging. The overall indices got hammered yesterday and gold did not follow. Nor did the gold miners. Hedge fund selling and leverage unwinding in gold may be complete or nearly complete. Here is a chart of Goldcorp. click on chart for sharper ... Read more

Venture capital funding has dried up. The result is 'Unprecedented' Biotech Bankruptcies . The global economic crisis has cut funding for biotechnology companies to the lowest level in a decade, triggering bankruptcies and threatening development of drugs based on biomedical breakthroughs. In t ... Read more

I have been saying for over a year that Citigroup would not survive in one piece. That option is looking increasingly likely as the Citigroup Board Weigh Options . Citigroup Inc.'s board meets today to discuss the bank's options after Chief Executive Officer Vikram Pandit's efforts to rebuild inv ... Read more

The bond market is reeling from rising default risk in Pro-Forma Commercial Mortgages . Mortgages on offices, shopping malls and hotels that were based on projections of soaring income during the real estate boom are roiling the bond market. A $209 million loan made by JPMorgan Chase & Co. ... Read more

Ciitigroup is in deep trouble and here is the proof: Citigroup Said to Urge SEC to Reinstitute Ban on Short-Selling .Citigroup Inc., which fell as much as 25 percent in New York trading today, is urging the Securities and Exchange Commission to revive a prohibition on short-selling financial stock ... Read more