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Altria Group Inc. Message Board

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  • rs_713 rs_713 Feb 22, 2009 10:09 PM Flag

    Futures are rallying...

    Government May Up Stake in Citi; Futures Rise
    Topics:Stock Market | Banking
    Sectors:Financial Services | Banks
    Companies:Bank of America Corp | Citigroup IncBy: CNBC.com | 22 Feb 2009 | 09:57 PM ET Text Size A number of media outlets are reporting that the U.S. government may end up holding as much as 40 percent of Citigroup's common stock. This would be a result of the government's latest cash infusion into the beleaguered bank.

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    • >>>A number of media outlets are reporting that the U.S. government may end up holding as much as 40 percent of Citigroup's common stock. This would be a result of the government's latest cash infusion into the beleaguered bank. <<<

      What a great deal. C and BAC's combined market cap is about 30 billion and the govt pours 100 billion into those banks.

      Not as good a deal as GM of course, whose market cap is less than $2 billion and the govt has poured what... $50 billion? 100 billion? I lost count.

 
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