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February 17, 2009: A Map
THE PUBLICNESS OF THE PRIVATE
Single-family Home Foreclosed Feb 2009 by Citibank RealtyTrac; Google Street View
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2007. This month, Citibank foreclosed upon this house in Landover for $242,000.38 After its initial bailout through the Capital Purchase Program, which totaled $25 billion from the federal government last October, Citibank was given an addition bailout of $20 billion through the Targeted Investment Program (which specifically “targeted Citigroup and Bank of America”).39 As of today, the federal government has invested a total of $45 billion in Citigroup’s stability. As is the case with each of the banks which are currently subsidized by the federal government and which we are briefly summarizing here, this total does not include funds made available through the sale of assets to the Federal Reserve, which is technically not a part of the federal government.
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Fig. 80
As part of the greater Washington area, Prince George’s County is home to several federal offices. Federal, state, and local government account for more than 27 percent of the county’s employment. Major employers include the Joint Base Andrews Naval Air Facility, the U.S. Internal Revenue Service, the U.S. Census Bureau, and NASA’s Goddard Space Flight Center. The county’s primary employer, however, is the University of Maryland. Still,