Getting your player ready...
WASHINGTON — The Treasury Department opened the door Friday to using a Citigroup-style rescue package to help other troubled financial institutions.
The financial lifeline thrown to Citigroup Inc. in November involved backing billions in risky assets and providing the banking giant with a fresh capital infusion.
Treasury said participation by other companies in such a program would be weighed on a case-by-case basis. Treasury said it would consider, among other things, whether the “destabilization” of a financial institution could threaten the viability of creditors and others. It also would weigh the extent to which the institution faced a loss of confidence because of its troubled assets.
