Government now owns over a third of Citigroup, says struggling bank
source: http://www.nydailynews.com/money/2009/02/27/2009-02-27_government_now_owns_over_a_third_of_c...
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The U.S. government got into the banking business in a huge way Friday when it took over a third of Citigroup and shook up the board of directors.
In a dramatic move aimed at saving the mega-bank, the Treasury Department increased to 36% - from just 8% - its stake in the foundering financial colossus that has already gotten $45 billion in taxpayer money.
http://www.nydailynews.com/money/2009/02/27/2009-02-27_government_now_owns_over_...
In a dramatic move aimed at saving the mega-bank, the Treasury Department increased to 36% - from just 8% - its stake in the foundering financial colossus that has already gotten $45 billion in taxpayer money.
http://www.nydailynews.com/money/2009/02/27/2009-02-27_government_now_owns_over_...
