Citi secures government lifeline

Discussion in 'Wall St. News' started by Mr Pain, Nov 24, 2008.

  1. Mr Pain

    Mr Pain

  2. I'd prefer to hang all those banker bastards and seize all their families personal assets.

    Problem is, they crap they've left behind is bigger than the money they stole.

    Let them all rot in hell
  3. Now that Citigroup is off the table, who is next?
  4. HIG
  5. Here are the terms of the bailout.

    Govt. back-stops 300B of Citi assets;

    Govt charges $7B fee in the form of preferred securities for loan guarantee, with 8% yield;

    Govt. loans Citi $20B, and receives $20B of preferred stock, again with 8% yield;

    As a kicker, Govt. gets 2.7B worth of common stock warrants with a strike price of $10.61, with a 10 year shelf life.