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General News 11/24/2008 at 7:49 AM EST

U.S. Approves Plan to Help Citigroup Cope With Losses

Quicklink Submitted By Margaret Bassett 2 comments

Margaret Bassett

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Regulators approved a radical plan to stabilize the bank in an arrangement in which the government could soak up billions of dollars in losses.

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At www.nytimes.com

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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.

Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.

Related Topic(s): Bailout; Citigroup; Government; Losses; Planning, Add Tags

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