0 Citigroup Bailout Buoys Market
The idea of an automaker bailout still has people upset, but as it turns out, the market just loves the idea of helping Citigroup. After the government agreed to invest $20 billion in the financial giant late Sunday, the Dow went up by almost five percent today.
The government stated to explain its initial decision, "With these transactions, the US government is taking the actions necessary to strengthen the financial system and protect US taxpayers and the US economy. We will ...
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