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As we reported in August 2012: Citigroup was showing serious strains in 2007 but the meltdown came the week of November 17, 2008.

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So I have about k in private student loans at a variable rate through Citibank. The highest I've seen it so far is about 5% a couple years ago. The minimum payment jumped from /month to 5/month.

I was comfortably paying 0/month prior to the expiration.

All told, Citigroup lost 60 per cent of its market value that week and 87 percent for the year to date.

The company’s market value went from 0 billion in 2006 to .5 billion on Friday, November 21, 2008. Just one month prior to this stock meltdown, the U. government through its Troubled Asset Relief Program (TARP) had injected billion into Citigroup on October 28, 2008.