Borrowed Time: Two Centuries of Booms, Busts, and Bailouts at Citi
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The alarming, untold story of Citigroup-one of the largest financial institutions in the world-from its founding in 1812 to its role in the 2008 financial crisis, and the many near-death experiences in between.
During the 2008 financial crisis, we were told that Citi was a victim of events beyond its control-the larger financial panic, unforeseen economic disruptions and a perfect storm of credit expansion and private greed. To save the economy and keep the bank afloat, the government provid...



