After Bank of America’s attempt last week, Citigroup is demanding to repay bail-out money received through TARP funds as well, which are $45billion and $20billion respectively.
In April, when Goldman Sachs and JP Morgan Chase had requested to repay $10billion and $25billion respectively, US government was much more cautious before deciding whether to accept it or not. But now the government officials are discussing one step ahead: “how shall we use these funds: more government spending and job creation or closing the budget deficit?”
This time markets are more cautious with initial response of a decline in Citigroup’s share price today.
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