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’

Posted on April 16th, 2010 by Sky
Filed under: Economy, Politics