Colossal Financial Collapse: The Truth behind the Citigroup Bank "Nationalization"

by F. William Engdahl from Global Research 25 November 2008 On Friday November 21, the world came within a hair's breadth of the most colossal financial collapse in history according to bankers on the inside of events with whom we have contact. The trigger was the bank which only two years ago was America's largest, Citigroup. The size of the US Government de facto nationalization of the $2 trillion banking institution is an indication of shocks yet to come in other major US and perhaps European banks thought to be 'too big to fail.'

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