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IPFS News Link • Bush Administration

Citigroup Gets $306 Billion Loan Guarantee, $20 Billion of Government Cash

11-23-08 • Bloomberg.com

Citigroup will, as a fee for the guarantee, provide preferred shares to the Treasury and Federal Deposit Insurance Corp., the regulators said in a statement. The government will also inject $20 billion into the bank from the Treasury’s $700 billion T

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