Writing IOUs: Citibank Raises $5 Billion in First Bank-Level Bond Since 2019
Banks issuing bonds again to raise funds to pay bills today? Writing IOUs intended to fail? At this rate, it looks like every bank will be put at risk to ensure massive systemic risk to maximize the public bailout. Hello 2008 we’re coming back with a vengeance. via YAHOO: The New York-based bank, the operating …