Friday, September 4, 2009

Government to own one third of Citi

It is official. At the close of business on September 10th, 2009 and upon issuance of common stock, the U.S. government will own 7,692,307,692 shares, or 33.6% of Citi's outstanding shares. Uncle Vik will now have to answer to several more constituencies.

No comments: