Citigroup: Rescued With Another $20 Billion Bailout

by LukeAmerica2020
The U.S. government has bailed out Citigroup Inc, once the nation’s largest financial institution, agreeing to guarantee most of the potential losses on $306 billion of high risk assets AND inject $20 billion of new capital from the Troubled Asset Relief Program (TARP) … in its biggest rescue of a bank yet. This comes after Citigroup received a $25 billion bailout just a few weeks ago (which it used for acquisitions rather than for mortgages or business loans!!!).

CAIR Sued by Former Clients

by LukeAmerica2020
A reported by SANE, four clients of the Council on American-Islamic Relations (CAIR) have filed a federal civil complaint alleging criminal fraud and racketeering against CAIR, a self-described public interest civil rights law firm. The lawsuit also names CAIR’s national leadership as individual defendants.

The defendants were served with the complaint and summons to appear while attending the CAIR 14th Annual Dinner Sunday night (2008-11-23) in Arlington, Virginia. Congressman Ellison (D-Minn) was a guest speaker at this affair.