SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DMaA who wrote (366198)5/26/2010 4:25:23 PM
From: Elroy  Read Replies (2) of 793928
 
This is how the whole TARP think should have been done, buy equity stakes in the banks that required funding, and make a profit when their shares appreciate post-crisis.

Treasury Says It Sold 20% of Citigroup Stake for $6.2 Billion

May 26 (Bloomberg) -- The U.S. Treasury Department sold 20 percent of its shares in Citigroup Inc. at a profit through market sales over the past month, generating $6.2 billion of proceeds for taxpayers.

Under a trading plan with Morgan Stanley, the Treasury sold 1.5 billion of its 7.7 billion Citigroup shares, the Treasury said in a statement today.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News