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Citi Rescue Could Lead to More Trouble

Rivals may take risks, expecting taxpayer protection

By Matt Cantor, Newser Staff

Posted Nov 25, 2008 7:23 AM CST

(Newser) – The Citigroup rescue bolstered confidence in the financial sector in the short term, but in the long term it could spell more trouble for taxpayers and other struggling banks, writes Eric Dash in the New York Times. Other banks will see the bailout as a... Read full story »

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Citi Rescue Could Lead to More Trouble

Rivals may take risks, expecting taxpayer protection

Citigroup • Citibank • bailout • banks • banking industry • financial crisis

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More Newser Stories

Wall St. Looks to Skirt Bonus Limits With Padded Salaries

Attempt to skirt new rules could anger shareholders

Big Banks' Lending Drops Despite Bailout Cash

Banks say funds can't go straight to loans, and recession cuts down on would-be borrowers

Bailed-Out Banks Won't Bail on Sports Sponsorships

Gaudy expenditures anger public, Congress

Stocks Jump on Citi Rescue

Dow makes triple-digit move in the right direction

Feds OK Massive $20B Citigroup Bailout

Taxpayers will also back $300 billion in shaky debt

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