Citi rescue lifts European stocks
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- bansheewail
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Monday, lifted by the U.S. government's plan to rescue beleaguered financial giant Citigroup.
On Sunday, the United States announced a massive aid package for Citi, the latest government effort to stabilize the ailing financial sector.
Bank stocks in Europe rose, led by Citigroup, which surged 35% in Frankfurt trading.
"On Sunday, since when does our government work on Sunday? I think Obama's announcment of his Treasury and Commerce cabinet appointments have had just as much to do with the market surge as the Citigroup bailout. The other bailout dispersements had little affect on the markets. The Change is restoring some confidence in the marketplace. You can believe that." - Bansheewail
On Sunday, the United States announced a massive aid package for Citi, the latest government effort to stabilize the ailing financial sector.
Bank stocks in Europe rose, led by Citigroup, which surged 35% in Frankfurt trading.
"On Sunday, since when does our government work on Sunday? I think Obama's announcment of his Treasury and Commerce cabinet appointments have had just as much to do with the market surge as the Citigroup bailout. The other bailout dispersements had little affect on the markets. The Change is restoring some confidence in the marketplace. You can believe that." - Bansheewail
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pokesmot
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I'm tired of all this bank stuff. Give 'em a shovel and a hoe.
- 3 years ago
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pokesmot
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bansheewail
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This week should be interesting. Watch the DJI.
- 3 years ago
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bansheewail
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