Saturday, March 27, 2010

Feds Make $8 Billion Profit

So the Federal government bailed out Citigroup to the tune of 45 billion dollars. Citigroup is raising $20 Billion to pay back the loan portion of the bailout. But what about the 25 billion dollars in common stock that the (we) Federal government owns. Well, it turns out they are going to sell it for 33 billion dollars - an $8 billion profit.

That's socialism for you.

1 comment:

lahru said...

the trouble today is a ? of trust. Snapshots never provide an ample view of a situation, yet using movies a longer view in most cases displays the thoughts and actions of those involved.