Citigroup to need more of our money. But no mortgage relief for you!!!

[Subdivisions]

Citigroup said to need up to $10 Billion

Citigroup Inc may need to generate up to $10 billion in new capital to meet the requirements of the U.S. government's stress tests, the Wall Street Journal reported on its website on Friday,

Like other financial institutions, the bank is in talks with the Federal Reserve about whether it needs more capital, the Journal said, citing unnamed sources.

Citigroup may need less if regulators accept its arguments about its financial health. In a best-case scenario, Citigroup could have a roughly $500 million cushion above what the government requires, the paper reported.

Calls to Citigroup were not immediately returned. A spokesman for the U.S. Treasury had no comment.

-snip-
http://www.reuters.com/article/businessNews/idUSTRE54107J20090502

Also, it is widely rumored, considering the continuing delays in the release of the bank stress tests, that Citi won't be the only one needing more of your tax dollars. Perhpas from 6 to 14 of the 19 banks tested will need more taxpayer-funded capital injections to stay afloat awhile longer.

But..

NO HELP FOR YOU IF YOU'RE FACING A MORTGAGE DEFAULT!!!

Throw the bums out!!!
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5578739#5578956

[Sebastian Doyle]

1. Not another fucking cent for these bastards.

Too big to fail? Break them up. Freeze the assets of the Saudis and any other foreign nationals that have ownership of these criminal corporations. Track down every last penny they have sent out of the country and return it to the American people. And any senator that continues to support these motherfuckers over the American people should be charged with treason.

Fuck it. no more excuses. These criminals have declared war on the American people, and nobody's standing up to them.