USA: Citigroup Skips Disclosure Rules, Gets $20B Anyway
Citigroup has successfully plead the case for a US$20 billion bailout (and US$306 billion in loan guarantees) from the US Treasury. However, if the situation at Citi is that dire (and evidence suggests it is), they are mandated to disclose that damage to their investors mid-quarter. They haven’t, and the government doesn’t seem to mind.…