Nationalizing Citigroup?
The Wall Street Journal is reporting that the government is ready to take up to a 40% ownership stake in Citigroup.
They are reporting that a deal could be announced as soon as Thursday.
Meanwhile, the FDIC has reported that 252 banks are in serious trouble.
Thoughts?
Source: Citigroup-Government Stake Deal Could Come As Soon As Today: Wall Street Journal [Huffington Post]
Tags: Bank Nationalization, Citigroup





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