Quote:
Originally Posted by GatorB
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/ |
Ah yes, another bailout. Way to go Obama ROFL. Then again, anything reported on MSNBC and CNN is truth, while Foxnews is right wing propaganda. Too funny
Btw, it's funny how everyone was bitching about the bailouts when they were initiated by Bush, but Obama initiated one and it's great! Gotta love the morons..