
The Bush Administration decided today to give Citigroup an additional $20 billion to bolster its failing sales. Regulators hope the dramatic action will bolster badly shaken confidence in the once mighty banking giant as well as the U.S. financial system.
The $20 billion cash injection by the Treasury Department will come from the $700 billion financial bailout package. The capital infusion follows an earlier one – of $25 billion – in Citigroup in which the government also received an ownership stake. Citigroup stocks however have plunged in value 60% in the last week alone.

We recommend people boycott anything remotely connected with Citigroup. We don't trust them. And we're not alone either. If you do a Google search for the words Citigroup and scam and you find 471,000 sites and a variety of fraud charges.
You'd think the USA would think twice about giving $20 billion to a company with a history of corporate crime.
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