. November 24, 2008 SouthAmerica: And some Americans still living in the world of illusion and they have not realized as yet that their capitalist system has died a sudden death during the year 2008. The article said: âby the U.S. government under a federal plan to stabilize the lender after its stock fell 60 percent last week.â The enclosed article includes a misspelled word instead of âstabilizeâ the correct word should be to âsanitizeâ. **** sanitize: To make sanitary, as by cleaning or disinfecting. To make more acceptable by removing unpleasant or offensive features from: ******* âCitigroup Gets Government Guarantees on $306 Billion of Assetsâ By Bradley Keoun Bloomberg News â November 24, 2008 Nov. 24 (Bloomberg) -- Citigroup Inc. will have more than $300 billion of troubled mortgages and other assets guaranteed by the U.S. government under a federal plan to stabilize the lender after its stock fell 60 percent last week. Citigroup also will get a $20 billion cash infusion from the Treasury Department, adding to the $25 billion the bank received last month under the Troubled Asset Relief Program. In return for the cash and guarantees, the government will get $27 billion of preferred shares paying an 8 percent dividend. The Treasury, Federal Reserve and Federal Deposit Insurance Corp. said in a joint statement that the move aims to bolster financial-market stability and restore economic growth. The decision came after New York-based Citigroupâs tumbling share price sparked concern that nervous depositors might pull their money and destabilize the company, which has $2 trillion of assets and operations in more than 100 countries. âIt really was a must-do thing,â said Nader Naeimi, a Sydney-based strategist at AMP Capital Investors, which manages about $85 billion. âIf theyâd let Citigroup go, that wouldâve been disastrous.â Chief Executive Officer Vikram Pandit, 51, told employees on a Nov. 21 conference call that he doesnât plan to break up the company. He and Chief Financial Officer Gary Crittenden said they donât expect to sell the Smith Barney brokerage unit, two people who listened to the call said at the time. Citigroupâs board, led by Chairman Win Bischoff and independent director Richard Parsons, met the same day to discuss the bankâs options. Citigroup issued a statement last week saying the company has âa very strong capital and liquidity position and a unique global franchise.â .