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Reply #11: U.S. take if it sells its Citi stake to settle cost of bailout: $8 billion [View All]

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MikeE Donating Member (637 posts) Send PM | Profile | Ignore Sat Mar-27-10 08:53 AM
Response to Original message
11. U.S. take if it sells its Citi stake to settle cost of bailout: $8 billion
Source: Washington Post

... 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.

Read more: http://www.washingtonpost.com/wp-dyn/content/article/20...


It looks like he just keeps racking up the wins. This is going to be another really positive piece of news for the Democrats to campaign on for the November elections, not to mention a great point in the next State of the Union.

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  -U.S. take if it sells its Citi stake to settle cost of bailout: $8 billion TomCADem  Mar-27-10 12:10 AM   #0 
  - Goodness, who thinks it's worth that much?  aquart   Mar-27-10 12:14 AM   #1 
  - take the money and then regulate the heck out of them lol nt  msongs   Mar-27-10 12:15 AM   #2 
  - +1  JerseygirlCT   Mar-27-10 08:16 PM   #15 
  - "Now the company is about to pay a king's ransom for its federal rescue." BS  Statistical   Mar-27-10 12:17 AM   #3 
  - Citi paid via the dilution of their common equity. nt  Lucky Luciano   Mar-27-10 01:05 AM   #6 
     - Well seeing as if they weren't bailout out the undilluted value of the company would have been 0...  Statistical   Mar-27-10 01:08 AM   #7 
        - $33B in new supply has no affect on Citi? (The $8B is the profit)  Lucky Luciano   Mar-27-10 01:19 AM   #8 
           - I agree with post #3 Let's say you own a chevy, GM made that chevy and sold it to a dealer  pundaint   Mar-27-10 02:20 AM   #10 
              - ok - let's put it this way - had Citi raised $25B in cash  Lucky Luciano   Mar-27-10 12:09 PM   #12 
  - ?  movonne   Mar-27-10 12:17 AM   #4 
  - But, you know, government involvement in these matters is the kiss of death  rockymountaindem   Mar-27-10 12:17 AM   #5 
  - What's that AIG "investment" worth, and do you have any idea how much the United States is on the  pundaint   Mar-27-10 02:11 AM   #9 
  - U.S. take if it sells its Citi stake to settle cost of bailout: $8 billion  MikeE   Mar-27-10 08:53 AM   #11 
  - the cheerleaders now support bailing out failed investment banks  optimator   Mar-27-10 12:49 PM   #13 
  - The proceeds will just disappear anyways.  pinniped   Mar-27-10 06:35 PM   #14 
  - K&R  TexasObserver   Mar-27-10 08:44 PM   #16 
  - That'll pay for 8000 teachers for a full 20 years.  harry_pothead   Mar-29-10 03:23 AM   #17 
 

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