Buy Low, Sell High

Apparently the U.S. Treasury investment in Citigroup has generated $8 billion in profit for us taxpayers: [1]

This kind of reframes the discussion about the cost of bailing out the banks, no? I still have mixed feelings about this, but at least in this case it’s no longer a cost issue. [2]

References

  1. Government could net $8 billion on Citigroup
  2. Bachmann’s Latest Whopper: ‘The Federal Government Literally Owns Banks’

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