Government Bails Out Citibank

The Government bailed out Citibank today bu investing $20 Billion and backing a bunch of their less then stellar assets.

"Under the deal, the government will have the right to slash the huge pay packages and bonuses that Citi's executives had long enjoyed, and cap stockholder dividends at only 1 cent per share."

Although this is important I do not think it will turn around the fortunes of the Bank.

CLICK HERE to read the story from the Gothamist.com.


Good Luck and Good Currency Trading.