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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (558817)	4/5/2010 3:38:56 PM
From: tejek	Read Replies (1) \| Respond to of 1576642

Citi's shares had risen in the interim. The highly paid executives at Citi no doubt attribute the rise in stock prices to their expertise and shrewd business dealings. The rest of us attribute Citi's recovery to the immense amount of aid and coddling that these highly paid executives got from the Fed and Treasury. If we try to put some dollar figures on our other handouts to Citi, it is clear that taxpayers have not come close to making a profit on this deal. There is no question that the gov't subsidy and the markets have benefited Citi. However, it can not be ignored that Pandit, the CEO of Citi, has been an effective leader in getting Citi out of its mess. The job isn't done yet but it looks like Citi is on the way to recovery.