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Old 03-27-2010, 11:17 AM  
GatorB
The Demon & 12clicks
 
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Join Date: Oct 2001
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U.S. to make $8 bil profit from bailing out Citi

Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king's ransom for its federal rescue.

The Obama administration is making final preparations to sell its stake in the New York bank, according to industry and federal sources.

At today's prices, the sale would net more than $8 billion, by far the largest profit returned from any firm that accepted bailout funds and the transaction would be the second-largest stock sale in history.


http://www.msnbc.msn.com/id/36062775...shington_post/
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