Citi Group

[AgentDrazenPetrovic]

Now owned 40% by the US Government.....

thoughts?

 

[maxiep]

I thought it was 36%. There's an important accounting difference once you hit 40%.

 

[AgentDrazenPetrovic]

I think there was a new agreement today.

 

[AgentDrazenPetrovic]

http://www.nytimes.com/2009/02/24/business/24citigroup.html?ref=business

not finalized yet i guess.....

 

[AgentDrazenPetrovic]

i gues it was 36%.....for now.

http://www.cnbc.com/id/29420036

 

[Draco]

These companies that the government is getting "equity" stakes in are trading as penny stocks.

About what we should expect from the people spending eight hundred thousand million dollars to stimulate the economy. Creating a job for the low price of $400,000 each.

 

[barfo]

These companies that the government is getting "equity" stakes in are trading as penny stocks.

That's good, right? Buy low?

barfo

 

[MARIS61]

ALL aasets of criminal enterprises should become government property.

Citi Group is certainly in that category.