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IPFS News Link • Obama Administration

Obama's Gift to Citigroup: U.S. to substantially expand its ownership

02-22-2009 • Calculatedriskblog.com

Citi's market cap is around $10 billion, so it seems the government is getting a poor deal if the $45 billion in preferred is converted into only 40% of Citi's common stock.

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Reported By Jack Gregson

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