U.S. Treasury Will Sell Remaining Citigroup Shares


Stimulus-era milestone: The government is selling its remaining 2.4 billion shares of Citigroup stock purchased during the $700 billion financial bailout. It seems like just yesterday (or about two years ago) that Citigroup was too big to fail and receiving $45 billion in taxpayer dollars to keep it afloat, $25 billion of which became the government’s ownership stake. These days Citi’s thanking the government for the bailout, bragging about their still-competitive compensation, and trying to hire a celebrity former White House budget director. [AP via RealClearPolitics]