* WASHINGTON (1/6/09)--The Treasury Friday released the program description
for the Targeted Investment Program as required by the Emergency Economic Stabilization Act. The department has already invested $20 billion in Citigroup under the program (Forbes
Jan. 2). The objective of the program is to foster financial market stability. Financial institutions will be considered for participation on a case-by-case basis. There is no deadline for participation ... * WASHINGTON (1/6/09)--On Friday, the Treasury released a report
stating that it is exploring the use of the Asset Guarantee Program (AGP) to help Citigroup. The Treasury and Citigroup announced Nov. 23 that the Treasury would assume second-loss position after Citigroup on some mortgage-related assets. Under the AGP, the Treasury would assume a loss position on selected assets. It also would collect a premium. Participants’ eligibility would be determined on a case-by-case basis ...