Monday, November 24, 2008

Song for Citibank with the Paulson Subprime singers

From today's Washington Post:

"The Treasury Department, Federal Reserve and Federal Deposit Insurance Corp. announced just before midnight Monday that they will protect Citigroup, one of the nation's largest banks, against potential losses on a $306 billion pool of troubled assets. "

How are we to account for this turn of events? The answer is in this video.

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