AP Wire | 10/17/2005 | Citigroup, Wachovia earnings both jump

New Bankruptcy Law is Effective
Citigroup Earnings up 35%

Citigroup reported earnings up 35%. Coincidently, the new bankruptcy law became effective today. If Citigroup's earnings are up 35% without the benefit of the bankruptcy law, what will they be WITH the bankrutpcy law? Citigroup reported QUARTERLY earnings of $7.1 Billion. (Remember, GM's losses were $1.6 Billion for the same period.) Ok, American citizens and taxpayers, which corporation needed a bailout more, Citigroup or General Motors. Pencils down, hand in your papers.



AP Wire | 10/17/2005 | Citigroup, Wachovia earnings both jump