Powered by Max Banner Ads 

Will You Get Your Piece of Citigroup’s 35.6 Million Back?

Thank you for revisiting you can still subscribe to my RSS feed. As Always Thank You for visiting!


 Powered by Max Banner Ads 

Citigroup once again is leading the mortgage industry in a revolutionary way by increasing its lending by 36.5 million.  This boost or increase in lending was prompted by taxpayers, though.  Taypayers wanted to know what has Citigroup done with the 45 million it received from the federal government last year. 

According to Citigroup, the 45 million that it received was not for direct lending to consumers, but for leverage to allow Citigroup to receive funds from other funding sources and lend that new money out to consumers.  According to an Associated Press article, “A bank makes money by borrowing cheaply for the short term  and lending at higher rates for the long term; if a bank has no capital, other institutions and investors won’t lend to it.”

If you are interested in getting a loan try Citigroup first.  It is ready to lend.

Blog Traffic Exchange Taylor-Brown's Related Post s' Related Posts
  • blog traffic exchangeWhat is a HELOC? Before we discover why the home equity loan must be an adjusted rate loan and discover more about how the money merge account can make us financial free. I felt it was necessary to address several responses and comments about the money merge account. There has been a lot of......
  • U.S. src=
    Image via Wikipedia

Latest news in commercial real estat" title="U.S. src="http://upload.wikimedia.org/wikipedia/en/thumb/8/85/DSC04509.JPG/300px-DSC04509.JPG" width=300 height=225>

Image via Wikipedia