{"id":9733,"date":"2008-11-22T06:21:25","date_gmt":"2008-11-22T06:21:25","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/citigroup_may_get_government_rescue_investors_say\/"},"modified":"2008-11-22T06:21:25","modified_gmt":"2008-11-22T06:21:25","slug":"citigroup_may_get_government_rescue_investors_say","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=9733","title":{"rendered":"Citigroup May Get Government Rescue, Investors Say"},"content":{"rendered":"<p>Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, investors and analysts said.<\/p>\n<p>Citigroup has more than $2 trillion of assets, dwarfing companies such as American International Group Inc. that got U.S. support this year. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke may favor a rescue to avoid the chaotic aftermath of Lehman Brothers Holdings Inc.\u2019s bankruptcy in September.<\/p>\n<p>\u201cThere is no question that Citi is in the category of \u201d\u02dctoo big to fail,\u2019\u201d\u009d said Michael Holland, chairman and founder of Holland &#038; Co. in New York, which oversees $4 billion. \u201cThere is a commitment from this administration and the next to do what it takes to save Citi.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=a3ArjWNoRSKw&#038;refer=worldwide\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, investors and analysts said. Citigroup has more than $2 trillion of assets, dwarfing companies such as American<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=9733\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,595,149,600,151,599,596,594],"tags":[],"class_list":["post-9733","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-credit-markets","category-economy","category-housingreal-estate-market","category-politics-in-general","category-stock-market","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-september-2008-proposed-henry-paulson-700-billion-bailout-package"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/9733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9733"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/9733\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}