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| November 25, 2008 Permalink Colossal Financial Collapse: The Truth behind the Citigroup Bank "Nationalization" Quicklink submitted by Peter Dearman (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| The complete nationalization of American banking is underway. 'In a matter of hours... the stock value of Citibank plunged ...giving the company a market value of about $21 billion. [It] had been $247 billion. ...The absurd spectacle of US Congressmen attacking the chairmen of the Big Three [automakers] underscores the utter lack of touch with reality that has overwhelmed Washington in recent years. |
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Tags for This QuickLink:
Banking (923) Wall Street (453) Bankruptcy (439) Banking Crisis (392) Paulson (250) Financial Investment Schemes (158) Banking Crime (142) Bank Failure (114) Citigroup (84) Nationalization (83) Ben Bernanke (69) Detroit (69) Chrysler (65) Ford Motor Co (17) |
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