A daily TV/radio news program, hosted by Amy Goodman and Juan Gonzalez, airing on over 750 stations, pioneering the largest community media collaboration in the U.S.
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Abu Dhabi Becomes Largest Citigroup Shareholder with $7.5B Investment, Bailout Comes Amidst Subprime Mortgage Crisis, Record-High Oil Prices
The Gulf Arab emirate of Abu Dhabi bought a $7.5 billion stake in Citigroup, America’s largest bank, on Tuesday, making it the bank’s largest shareholder. As the U.S. credit crisis worsens and the price of oil hovers close to $100 a barrel, the injection of capital from oil-rich Gulf states is seen as a bailout of banks in trouble. We speak with NYU economics professor, Nouriel Roubini, and Hampshire College professor, Michael Klare, author of “Blood and Oil.” [includes rush transcript]
