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Stock Investing > Mishs Global Economic Trend Analysis

Who Bears the Burden for a $3 Trillion Mistake?

Mike Shedlock | Mon, 03/02/2009 - 4:43pm | C, Citigroup, Citigroup losses, taxpayer losses |  1 comment

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Citigroup plunged 39% on Friday to $1.50, a price last seen in 1992. The plunge was in response to a Citigroup U.S. Accord on a Third Bailout that will convert the government's preferred shares to common, thereby diluting existing common shareholders and exposing US taxpayers to more losses.
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