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U.S. Eyes Huge Citi Stake ? Not Nationalization

By PAUL JACKSON

One day after assuring investors that it did not intend to nationalize certain key banks — and despite remarks from key lawmakers suggesting otherwise — the U.S. government is instead looking to take a massive 40 percent stake in troubled Citigroup, Inc. (C: 2.12 +8.72%), the Wall Street Journal reported Sunday evening. The government investment would [...]

Full post as published by Housing Wire on February 23, 2009 (boomark / email).