Citigroup Shares Soar After Government Bailout

I guess this means it was a success.

clipped from www.cnbc.com Citigroup Shares Soar After Government Bailout The government rescued Citigroup, agreeing to shoulder most of the potential losses from $306 billion in its risky assets and inject $20 billion in new capital, its biggest effort yet to prevent a big bank from failing. The bailout, announced late Sunday, gives the government the right to buy another 4.5 percent equity stake, and marks its latest effort to contain a widening financial crisis that has already brought down Bear Stearns, Lehman Brothers and Washington Mutual.