Thursday, July 16, 2009

Do not be confused - There is an "i" missing in the name

And it is two words. That is CIT Group (not Citigroup) whose last trade yesterday was at 1.64 and while it is also a lender and perhaps in danger of failing as of yesterday it is "NOT considered by the government to be too big to fail."

Citigroup, on the other hand, has a ticker symbol which is just a plain "C" and its last trade yesterday was at 3.17. It also still has 45 billion dollars of TARP money in its pockets.

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