Joint Statement on Citigroup by US Treasury, Federal Reserve, and FDIC - November 25, 2008

The U.S. Government on Sunday entered into an agreement with Citigroup to provide a package of guarantees, liquidity access and capital. As part of that agreement, Treasury and the FDIC will provide protection against the possibility of unusually large losses on an asset pool of approximately $306 billion of loans and securities backed by commerical and residential real estate and other such assets.

Click here for the full statement.