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	<title>Worldfocus &#187; Citigroup</title>
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	<pubDate>Fri, 20 Nov 2009 23:46:51 +0000</pubDate>
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		<title>Citigroup bailout reverberates abroad</title>
		<link>http://worldfocus.org/blog/2008/11/24/citigroup-bailout-reverberates-abroad/2903/</link>
		<comments>http://worldfocus.org/blog/2008/11/24/citigroup-bailout-reverberates-abroad/2903/#comments</comments>
		<pubDate>Mon, 24 Nov 2008 18:29:33 +0000</pubDate>
		<dc:creator>Worldfocus</dc:creator>
		
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		<category><![CDATA[The Americas]]></category>

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		<category><![CDATA[bailout]]></category>

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		<category><![CDATA[Citigroup]]></category>

		<category><![CDATA[financial crisis]]></category>

		<category><![CDATA[George W. Bush]]></category>

		<category><![CDATA[Henry Paulson]]></category>

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		<category><![CDATA[Robert Lenzner]]></category>

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		<description><![CDATA[After a meeting with Treasury Secretary Henry Paulson, President George W. Bush agreed to bail out Citigroup, one of the largest American banks.

Even as stock markets around the world shot up today, economic projections pointed downward in many countries, sparking skepticism about how long the Citigroup bounce might last.

Citigroup also has a huge international presence, with more than 200 million customer accounts in 106 countries.

Robert Lenzner, national editor of Forbes magazine, speaks with Martin Savidge about the repercussions of Citigroup's fall, overseas faith in U.S. financial institutions and foreign banks that are also threatened.]]></description>
			<content:encoded><![CDATA[<p>After a meeting with Treasury Secretary Henry Paulson, President George W. Bush said that the U.S. will <a title="Stocks Rise on Citigroup Bailout Plan" href="http://www.washingtonpost.com/wp-dyn/content/article/2008/11/24/AR2008112400899.html?hpid=topnews" target="_blank">bail out Citigroup</a>, one of the largest American banks.</p>
<p>Even as stock markets around the world shot up today, economic projections pointed downward in many countries, sparking skepticism about how long the Citigroup bounce might last.</p>
<p>Citigroup also has a huge international presence, with more than 200 million customer accounts in 106 countries.</p>
<p><a title="Robert Lenzner" href="http://search.forbes.com/search/colArchiveSearch?aname=Robert+Lenzner&amp;author=Robert+and+Lenzner" target="_blank">Robert Lenzner</a>, national editor of Forbes magazine, speaks with Martin Savidge about the repercussions of Citigroup&#8217;s fall, overseas faith in U.S. financial institutions and foreign banks that are also threatened.</p>
<p><iframe frameborder="0" height="307" src="http://player.theplatform.com/ps/player/pds/lqtN52xjvc?pid=oJeZA0vp6OPJPE0w33VyyJWYh_S3UJgz&amp;embedded=true&amp;width=514&amp;height=307" width="514"></iframe></p>
<listpage_excerpt>Robert Lenzner of Forbes magazine discusses the U.S. bailout of Citigroup and the situation of foreign banks.</listpage_excerpt>
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<post_thumbnail_videopage>/files/2008/11/th_br_lenzner.jpg</post_thumbnail_videopage>
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		<title>Saudi prince pumps money into Citigroup</title>
		<link>http://worldfocus.org/blog/2008/11/20/saudi-prince-pumps-money-into-citigroup/2845/</link>
		<comments>http://worldfocus.org/blog/2008/11/20/saudi-prince-pumps-money-into-citigroup/2845/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 20:27:05 +0000</pubDate>
		<dc:creator>Worldfocus</dc:creator>
		
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		<category><![CDATA[Alwaleed bin Talal]]></category>

		<category><![CDATA[Citigroup]]></category>

		<category><![CDATA[General Electric]]></category>

		<category><![CDATA[investment]]></category>

		<category><![CDATA[Paul Blustein]]></category>

		<category><![CDATA[Saudi Arabia]]></category>

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		<description><![CDATA[Citigroup's largest shareholder, Saudi prince Alwaleed bin Talal, is planning to increase his stake in Citigroup by buying tens of millions of shares, though shares have slumped recently. 

Paul Blustein, a journalist at the Brookings Institution, joins Martin Savidge to discuss U.S. dependence on foreign investment and the future of these investments given huge losses. They also discuss other American companies that are courting foreign investors, such as General Electric. ]]></description>
			<content:encoded><![CDATA[<p>Citigroup&#8217;s largest shareholder, Saudi prince Alwaleed bin Talal, is planning to increase his stake in the company by buying <a title="Alwaleed Buys Citigroup Stock as Loss Exceeds Buffett " href="http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=a3pNjAm3wGxM&amp;refer=home" target="_blank">tens of millions of shares</a>, though the shares have slumped recently.</p>
<p><a title="Paul Blustein" href="http://www.brookings.edu/experts/b/blusteinp.aspx" target="_blank">Paul Blustein</a>, a journalist at the Brookings Institution, joins Martin Savidge to discuss U.S. dependence on foreign investment and the future of these investments given huge losses. They also discuss other American companies that are courting foreign investors, such as General Electric.</p>
<p><iframe frameborder="0" height="307" src="http://player.theplatform.com/ps/player/pds/lqtN52xjvc?pid=WidhkCnEw78_Yi6rgDrUh_xxd4egtJNm&amp;embedded=true&amp;width=514&amp;height=307" width="514"></iframe></p>
<listpage_excerpt>Paul Blustein of the Brookings Institution discusses Alwaleed bin Talal&#8217;s decision to buy tens of millions of shares and the future of foreign investment in U.S. companies.</listpage_excerpt>
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