Today the government converted up to $25 billion of its preferred shares for up to a 36% stake in Citigroup, leaving existing common shareholders with a 26% stake.
Looks like our government is creeping towards nationalization...
http://www.bloomberg.com/apps/news?pid=20670001&refer=home&sid=ahlzePGAFrdg
Falteringfreedom.com
Blog about the the economic disaster, its history, and how to prepare for the future.
Friday, February 27, 2009
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