Where China is spending $29B on Energy the US is mulling another $100B for a “Bad” Bank….. |

Where China is spending $29B on Energy the US is mulling another $100B for a “Bad” Bank…..

Citigroup Inc. is nearing agreement with U.S. government officials to
create a structure that would house some of the financial giant’s
risky assets …

… talks were progressing Sunday toward creation of what would
essentially be a “bad bank.” … The bad bank also might absorb assets
from Citigroup’s off-balance-sheet entities, which hold $1.23
trillion. …

Under the terms being discussed, Citigroup would agree to absorb
losses on assets covered by the agreement up to a certain threshold.
… After weekend discussions between Citigroup executives and
officials at the Federal Reserve and Treasury Department, the parties
are hoping to unveil an agreement Sunday evening, the people said.

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