Citi CEO defends $45 billion TARP bailout

San Francisco Chronicle: Washington - Facing sharp questions from bailout overseers, Citigroup Inc. CEO Vikram Pandit said Thursday the bank is "fundamentally different" from the tangled behemoth that took more than $45 billion in government aid during the recent financial crisis.

"I am pleased to say we are in a far different and much healthier position," Pandit said in testimony before the Congressional Oversight Panel. The independent watchdog group oversees the $700 billion financial bailout. Read Article

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