With the latest attempt by the government to shore up the ailing bank, Citi's future is hardly assured. Analysts continue to urge caution, as it's unclear whether the bank will need yet another round of taxpayer money. This is certainly trying the patience of some politicians.

Bloomberg notes that the government has been on the losing end of its recent bet, noting that its previous $25 billion of preferred stake, to be converted, is worth about $11.5 billion now. The article quotes Rep. Brad Sherman, "Taxpayers are being ripped off." All in all, CEO Vikram Pandit has his work cut out for him. The stakes are really high. With the economy really worsening, no one would be surprised if the bank continues to bleed. This is forcing the hand of the government. At some point, you have to stop dribbling out more funds and programs, and do something dramatic. This is far from over.  

For more:
- here's some background from Bloomberg

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Citigroup news from FierceFinance