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Bailout
: Calculated RiskNY Times: U.S. Reconsidering Citi Stake Sale
By Anonymous
Two days after Citigroup moved to untangle itself from Washington, the Treasury reversed course Wednesday and backed away from plans to immediately sell a portion of its stake in the banking giant ... The decision came after Citigroup badly misread the financial markets on Wednesday and struggled to sell new shares to pay back its bailout funds.Oops.
Full post as published by Calculated Risk on December 16, 2009 (boomark / email).
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