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Stock Investing > Financial Skeptic

Citigroup: Control Gone Long Time Ago

George | Mon, 02/23/2009 - 4:02pm | C, Citigroup, Citigroup's lost control, Fed bailout, government bailout, government takeovers |  1 comment

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Citigroup (C) and other banks in negotiations with the financial cavalry apparently will be giving up voting control and equity positions within the banks that are supported. The voting control was all but gone a long time ago. When the Fed and Treasury has to bail out problems by the hundreds of billions
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