The Govt is selling Cititbank

Discussion in 'Wall St. News' started by spinn, Mar 27, 2010.

  1. spinn


  2. cstfx


    "During the height of the financial crisis in October and November of 2008, Citigroup got more than $45 billion in federal aid in exchange for preferred shares. The government later restructured that package. Officials converted $20 billion into a loan, and the remaining $25 billion was converted in September into common stock at the price of $3.25 a share. "

    It's in the article down past the headline.
  3. spinn


    I never said I could read. So now the govt will blast an $8 billion profit all over the media after pay $25 billion for it

    Plus a $20 billion loan.