U.S. will boost stake in Citigroup to 36%

U.S. will boost stake in Citigroup to 36%

www.msnbc.msn.com

updated 1:01 p.m. ET, Fri., Feb. 27, 2009
NEW YORK - The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank, greatly increasing the risks to taxpayers as voter unhappiness about the broader bailout program rises.

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This is all such a comedy of errors.

This U.S Government cant even balance their own budgets.

How could anyone possibly consider that "They"are capable
of running a national financial institution ? Which is exactly where the think they are going with this "Wag The Dog"

Nationalism,Socialism,Fascism ? Take your pick

Oh and don't forget about AIG:
Report: AIG faces split, feds to increase stake

www.msnbc.msn.com...


www.msnbc.msn.com
(visit the link for the full news article)

I told you guys...we are not interested in the Nationalization of banks...and also No More Earmarks...

Oops...i think i fibbed.




You're right it's just a bunch of BS and more will come. We've all become used to it now since the spending proposals and bailouts have become a daily occurrence.

I wish it would stop..but they won't.

I hope the protests continue to pick up.