Treasury to mull Citi-style rescues

So let me understand this, big banks make bad business decisions, go under and then the taxpayer gives them money so they can stay in business, keep overcompensated management and rescue shareholders. I think I will start a bank.-Lou

Treasury to mull Citi-style rescues

By JEANNINE AVERSA

WASHINGTON (AP) - The Treasury Department opened the door Friday to using a Citigroup-style rescue package to help other troubled financial institutions.

The financial lifeline thrown to Citigroup Inc. (C) in late November involved backing billions in risky assets and providing the banking giant with a fresh capital infusion.

Treasury said participation by other companies in such a program would be weighed on a case-by-case basis. Treasury said it would consider, among other things, whether the "destabilization" of a financial institution could threaten the viability of creditors and others. It also would weigh the extent to which the institution faced a loss of confidence because of the troubled assets it held.

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http://apnews.myway.com/article/20090102/D95F7VOO0.html