Nov. 23, according to the National Broadcasting Corporation reported that the U.S. government to agree to Citigroup's rescue package, including the injection of 20,000,000,000 U.S. dollars and provide security and liquidity. This is the people in the United States passed the Citigroup building in New York (Nov. 17 photo). Xinhua News Agency / Reuters After nearly two days and nights of negotiations, the U.S. government in the last 24 in the morning before to the plight of the banking giants - Citigroup to lend a helping hand. The move not only shows that the U.S. government's determination to stabilize financial markets, but also reflect the U.S. financial system problems. According to the book assets, Citigroup to 2,000,000,000,000 U.S. dollars of assets at JP Morgan Chase, is the second largest U.S. commercial banks. The group in the world's 106 countries and regions have Client of about 200,000,000, the total number of employees over 350,000 people. For the United States and the international financial system, Citigroup is a super, "Big Mac", so large that it can not be allowed to bankrupt the U.S. government. "If the Government does not help or rescue Citigroup is not successful, then the United States and the international financial markets is to be a catastrophic event," a bank in New York working for the Xinhua News Agency analyst Dennis told reporters. He said that investors in Citigroup as a result of a lack of confidence in the prospects, especially in the group have billions of dollars on real estate and related debt in turn triggered the concern of the stock market, led to the decline in the company's credit rating and raise financing costs. Although Citigroup cash in the hands of relatively abundant, but the lack of customer confidence in the capital from the banks, depositors run, can not deal with Citigroup, the Government had to hand it to implement the rescue. For the United States, Lehman Brothers, the impact of bankruptcy in Utah. Lehman because of the insolvency of the financial system caused by the systematic destruction of the Wall Street financial crisis out of control. Both the U.S. Treasury Secretary Paulson, the U.S. Federal Reserve Chairman Ben Bernanke, in the reflection of the financial crisis of the time stressed that simply can not afford to let any of the financial system and the systemic risk of bankruptcy. However, how to save Citigroup is a headache for the U.S. administration. In the weekend's two-day discussions, including mergers with other financial institutions to set up specialized agencies to receive from Citigroup to divest of non-performing assets, and other programs are under consideration. In the end, the Government has chosen directly by the Government to intervene. According to the U.S. Treasury, Federal Reserve and the Federal Deposit Insurance Corporation issued a joint statement, the Ministry of Finance and the Federal Deposit Insurance Corporation will provide Citigroup, including mortgage loans, commercial real estate loans, a total of 306,000,000,000 U.S. dollars debt to provide security. At the same time, the U.S. government will 700,000,000,000 U.S. dollars from the financial aid program 20,000,000,000 U.S. dollars allocated for the purchase of Citigroup shares. With the financial crisis spread to the real economy, the U.S. real economy is sliding into recession and counter-productive in the financial markets. Although the U.S. government Citigroup relief help stabilize financial markets in the United States, but people can not help but ask, in the face of many financial institutions may be the financial crisis, the U.S. government whether there are sufficient funds to continue to save it? -------------------------------------------------- ------------------------------ According to CNN reports the United States, in return, the U.S. government of this capital injection will be Citigroup additional 7,000,000,000 shares. Prior to the U.S. government has injected Citigroup 25,000,000,000 U.S. dollars.
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