In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Sunday, November 23, 2008

CNBC: Expect Citi Bailout Announcement Soon

by Calculated Risk on 11/23/2008 08:51:00 PM

UPDATE: CNBC reports at 9:30PM ET that members of Congress are being consulted about an additional capital infusion for Citi. No details yet ... the situation is still fluid. $10 to $20 Billion capital infusion - and some possible capping of losses - something to be announced tonight ...

From CNBC: Citi, Government Working Feverishly on Rescue Plan

The U.S. government and Citigroup are working feverishly to hammer out a rescue plan for the beleaguered bank. If all goes according to plan, there will likely be an announcement of some type of plan in a couple of hours.
Soon ...