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To: Bucky Katt who wrote (40900)	9/14/2009 10:08:36 AM
From: joseffy	Respond to of 48462

Is this the guideline Geithner used when he cheated on his taxes? "Most consequential choices involve shades of gray, and some fog is often useful in getting things done. "

To: Bucky Katt who wrote (40900)	9/14/2009 10:19:30 PM
From: joseffy	Respond to of 48462

U.S. Said to Explore Selling Off Its Citigroup Stock By Robert Schmidt and Bradley Keoun bloomberg.com Sept. 14 2009(Bloomberg) -- The U.S. Treasury Department and Citigroup Inc. have begun discussing how to sell the 34 percent stake that the government acquired in the rescue of the bank, people familiar with the matter said. The Treasury, which owns about 7.69 billion common shares after a recent stock conversion designed to shore up the bank’s capital, may start unloading the stake as soon as October, said one of the people. It aims to sell the holdings over the next six to eight months, the person said. While the Treasury hasn’t developed a formal plan for the sale, it is considering options, the people said. Under one scenario, the shares would be sold to public investors in blocks over six to eight months. Or the government may sell a small amount of stock daily or weekly, said the people, who declined to be identified because the talks are private. Under a third option, the shares would be sold at once in a managed offering. The Obama administration has begun efforts to wind down the government’s $700 billion financial rescue program. The Treasury purchased the stock at $3.25 a share, giving U.S. taxpayers a paper profit of about $9.77 billion based on today’s closing stock price of $4.52. Citigroup’s bailout last year was valued at $52 billion. Even after a share sale, the government would retain a $27 billion investment. That stake is denominated in trust-preferred shares -- a class of securities that ranks senior to common stock and junior to most debt. Treasury spokesman Andrew Williams and Susan Thomson, a spokeswoman for New York-based Citigroup, declined to comment.