Freeman

IN BRIEF

Citigroup to Repay $20 Billion

DECEMBER 14, 2009

“Citigroup said Monday that it had reached an agreement to wean itself from the government bailout by the end of 2010, beginning with the repayment of $20 billion in federal aid.

“The deal is the latest sign that both banks and the government are eager to end an extraordinary period of federal support for the financial industry. It would leave Wells Fargo alone among major banks in still holding federal aid.” (Monday, Washington Post)

I’m not so sure “eager” is the right adjective.

FEE Timely Classic:
The Financial Bailouts:’See the Needle and the Damage Done‘” by Lawrence H White

comments powered by Disqus

EMAIL UPDATES

* indicates required

CURRENT ISSUE

November 2014

It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
Download Free PDF

PAST ISSUES

SUBSCRIBE

RENEW YOUR SUBSCRIPTION