. March 10, 2009 SouthAmerica: Talking about Zombie banks this one comes to mind: Citigroup, Inc. (C) On Monday March 9, 2009 this Zombie bank closed at $ 1.05 per share. I have no idea why the US government has not nationalized as yet 100 percent of this insolvent bank. Why the Obama administration is afraid of taking this Zombie bank out of its misery since this financial institution is bankrupt for all practical purposes. ***** By the way, why the following thread has been closed? Here is how the US banking nationalization process works http://www.elitetrader.com/vb/showthread.php?s=&threadid=154754 .