Citi group is rescued.
The Fed has decided to infuse capital of 20billion dollars, guarantee of 306 billion dollars for toxic assets,government will take control of executive bonuses, and limits on dividend payments.
A best deal for citi , but a bad bargain for the taxpayer.
Citi ,will survive the present crisis.
But with its bruised injury , ulcerated wound, and contagious infection, it has to fight a losing battle.
A plummeted stock price ,and a defeated manipulation ,Citi poses a shrivelling , stifling ,shuddering
manifesto.
This will lead GM , to redo its reported application for bankruptcy.
Many sinking companies will expect to find an oxygen mask,in the Fed’s move.
The scramble for aid is an exact antithesis for the credibility and citation of the reputed companies.
Their image is shattered, their trustworthiness is questioned, their business acumen is a threatened, their pride is diffused.
The Fed , instead of settling in for corrective programme ,has resorted to supplement the much risky alibi.
The inclination of the Fed Is a catastrophic determination .
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