FT found a bit of interesting detail: "Citi and the US government made it clear that the Citi arrangement would be extended to other banks that pose risk to financial system stability, if need be."
Which bank could be next? Bank of America (BAC), which took on billions of dollars of mortgages with its buyout of Countrywide, may not be a bad candidate. Neither is Morgan Stanly (MS), which analysts believe will lose $.80 a share in the current quarter.
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