StockFetcher Forums · General Discussion · I HEARD ON THE NEWS.....<< >>Post Follow-up
chetron
2,817 posts
msg #90557
Ignore chetron
modified
3/30/2010 7:05:16 AM

US GOV. IS SELLING OFF THEIR SHARES OF CITIBANK.

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karennma
6,831 posts
msg #90558
Ignore karennma
3/30/2010 8:05:47 AM

Kinda old news now ...
Was in Washington Post last Saturday .... 3-26-10

U.S. take if it sells its Citi stake to settle cost of bailout: $8 billion

By David Cho
Washington Post Staff Writer
Saturday, March 27, 2010

Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king's ransom for its federal rescue.

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.

On paper, the government's 27 percent stake has grown in value to $33 billion. The size of the deal in the works has Wall Street buzzing. Only the stock offering by Japan's Nippon Telegraph and Telephone, which raised $36.8 billion in 1987, was larger, according to Thomson Reuters.

(U have to have a sub to Wash. Post to read rest of article)


chetron
2,817 posts
msg #90559
Ignore chetron
3/30/2010 8:08:29 AM

TV JUST AIN'T WHAT IT USE TO BE. THE INTERNET IS THE WAY OF THE FUTURE. THANX K. = )

karennma
6,831 posts
msg #90560
Ignore karennma
3/30/2010 8:27:23 AM

Chetron:
True.
I don't have any TVs anymore for that reason.
Don't need it.
You're more informed just having online access.
:>)

(Altho' I must admit, I missed watching the Olympics)

johnpaulca
11,315 posts
msg #90561
Ignore johnpaulca
3/30/2010 8:47:13 AM

Hello....try watching football on a computer, just not the same as a 73" T.V (:

miketranz
716 posts
msg #90566
Ignore miketranz
3/30/2010 9:47:30 AM

Start buying....

karennma
6,831 posts
msg #90569
Ignore karennma
3/30/2010 10:40:11 AM

Why?


chetron
2,817 posts
msg #92091
Ignore chetron
5/5/2010 8:07:45 AM

I HEARD THE PULL BACK IS ALMOST OVER. THERE WAS LESS SELLING YESTERDAY. NO BEAR RALLY. = )

StockFetcher Forums · General Discussion · I HEARD ON THE NEWS.....<< >>Post Follow-up

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