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It seems to me that Citi has more problems on their own balance sheet.
They should save the funds the governement pumped in to clean up their business and resume lending rather than expanding their bank and increasing taxpayer risk.
The Treasury and the FED should re-visit the issue of bank mergers and consider whether it [...]

LONDON (MarketWatch) — Lost in all the political drama over the $700 billion financial rescue package is the fact that whether or not it passes, there’s still going to be a very nasty recession.
U.S spending is flat. Car sales are anemic. The housing market is shot. Unemployment is rising. And, of course, the entire financial [...]