Under the agreement, Citigroup will tap a special CEO from within its ranks to manage the assets, who'll report to a special internal oversight committee composed of Citigroup's senior management. The agreement calls for increased oversight once losses hit $19 billion. At that point, the government can demand "increased reporting, communication or audit requirements," appoint a government official to sit on the oversight committee, and reduce the compensation of the Citi officials managing the assets. If losses reach $27 billion, the government can essentially seize management of the assets.