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Tag Archives: investment returns

Fed Govt to Net $8Bn Profit on Citibank Bailout

Fed Govt to Net $8Bn Profit on Citibank Bailout

Obama is beginning to look like a financial guru with investment performance that puts even the brightest Wall Streeters to shame. The Administration is presently making final preparations to sell its stake in the New York bank, according to one of my reliable industry sources. At Friday’s closing price for Citibank, the sale would net over $8 billion – by far the largest profit returned from any firm that accepted bailout funds

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