www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> America
Washington tries to rescue Citigroup
(Agencies)
Updated: 2008-11-24 09:11

WASHINGTON – The US government was weighing a plan on Sunday to rescue Citigroup Inc., whose stock has been hammered on worries about its financial health.

The US Treasury Department and the Federal Reserve have been in discussions over the weekend to devise a strategy to stabilize the company, according to people familiar with the talks. They spoke on condition of anonymity because the discussions were ongoing.

One option being considered is taking some of the risky assets held by Citigroup off its balance sheet, a move that would give the company more breathing room and put it in a better position to raise capital. It was unclear, however, exactly how that option might be structured, the people said.

A spokesman for New York-based Citigroup declined comment.

The company has seen its shares lose 60 percent of their value in the past week, reflecting a crisis of confidence among skittish investors. They are worried all the risky debt on Citigroup's balance sheet will turn into losses as the country's economy worsens and the markets stay turbulent, losses that could be nearly impossible to reverse.

Citigroup is such a large, interconnected player in the financial system that if it were to collapse it would wreak havoc on already fragile financial and economic conditions. The company has operations stretching around the globe in more than 100 countries.

Analysts consider Citigroup the most vulnerable among the major US banks -- especially after it failed to nab Wachovia Corp., which was bought instead by Wells Fargo & Co. That was a missed opportunity for Citi to gets its hands on much-needed US deposits that would bolster its cash position.

Citigroup was especially hard hit by the meltdown in risky, subprime mortgages made to people with tarnished credit or low incomes. Foreclosures on those mortgages spiked, leaving Citi and other financial companies wracking up huge losses on the soured investments. The company has failed to turn a profit during the past four quarters.

The company has already received a US$25 billion from the Treasury Department's US$700 billion financial bailout program. In return for the cash infusion, the government gets a partial ownership stake.

Sen. Charles Schumer, said earlier Sunday he is confident the government and Citigroup "can come up with a plan that ensures Citigroup's viability, which is really important for the whole economy. ... If you let it go down, millions of innocent people are hurt, and the economy suffers at a time when it's terribly, terribly fragile," he said on ABC's "This Week."

Sen. Richard Shelby, a free-market advocate who opposes government intervention, said he thought any effort to aid Citigroup was a mistake.

"Citi has got to save itself," Shelby said. "And, can they do it by a merger with somebody else or going to somebody else? I don't know," he said on ABC.

主站蜘蛛池模板: 欧美成免费 | 美一级片 | 免费刺激视频 | 亚洲aⅴ在线 | 国产高清精品自在久久 | 欧美精品束缚一区二区三区 | 亚洲欧美精品 | 国内精品久久久久影院网站 | 美女网站18| 俄罗斯极品美女毛片免费播放 | 日本亚洲欧美国产日韩ay高清 | 窝窝女人体国产午夜视频 | 国内自拍小视频 | 手机在线观看毛片 | 国产精品久久久久久久久久98 | 亚洲欧美日韩国产一区二区精品 | 久9精品视频 | 男人天堂亚洲 | 一级特级aaaa毛片免费观看 | 亚洲国产精品久久人人爱 | 国产黄色一级网站 | 欧美日韩在线视频观看 | 欧美成人免费高清视频 | 欧美国产一区二区三区 | 黄色美女视频免费 | 欧美在线小视频 | 一区在线看 | 男女做性免费视频软件 | 免费黄色一级网站 | 成年人黄视频在线观看 | 日本成人在线免费 | 国产自在自线午夜精品视频 | 久久精品女人毛片国产 | 成人国产在线观看 | 日本高清视频免费在线观看 | 亚洲国产日韩欧美在线 | 性感美女视频免费网站午夜 | 天天视频一区二区三区 | 在线亚洲播放 | 欧美一级片免费观看 | 中文字幕波多野不卡一区 |