I would like to citi bank how it handle pressure today!
Wow! they are safe again for time being 
2nd time, can they do one more time!!!!!!!
or the 3rd time they are bust
Treasury, Fed, FDIC Finalize Terms Of Citigroup Guarantee
January 16, 2009: 08:53 AM ET
WASHINGTON -(Dow Jones)- U.S. federal officials Friday announced that they have finalized the terms of a guarantee agreement with Citigroup Inc. (C) that would protect against the possibility of losses on an asset pool of about $301 billion of mortgage-related loans.
Federal regulators previously announced the guarantee agreement on Nov. 23, but in Friday's announcement, the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp. said they have now finalized the terms of that agreement.
Additionally, the Treasury Department said the U.S. government will continue to step in as needed to aid the financial system amid what has turned out to be one of the worst financial crises in decades.
"The U.S. government will continue efforts to strengthen our banking institutions and support financial markets," it said in the early morning news release.
The Citigroup asset-protection plan is part of a broader rescue for the banking giant that federal regulators announced in November in a bid to help stabilize the firm and broader financial system. Regulators agreed to inject $20 billion into the banking giant and back up more than $300 billion of the firm's assets, which will remain on Citigroup's balance sheet.
In exchange for the rescue, Citigroup in November agreed to issue preferred shares to the federal government, adhere to executive pay limits and implement a government program designed to help make home loans more affordable for struggling borrowers.
In the notice Friday, Treasury said no new money has been committed and no government funds have been transferred as part of the finalized guarantee agreement announced Friday.
-By Maya Jackson Randall, Dow Jones Newswires; 202-862-9255, maya.jackson
