Citigroup Inc (NYSE: C) landed a big investor over the
weekend. This time it wasn’t a sovereign fund or Warren Buffet, it was the US
Government. The Treasury Department, the Federal Reserve and the Federal
Deposit Insurance Corp all came together to purchase $306 billion in bad assets
from the bank in addition to providing $20 billion in liquidity. The company
may still need to take on $29 billion in losses due to this transfer.