[FromLori]

Thats not all you know the $25 Billion they supposedly paid back well not true.

Citi doesn’t have to “pay back” the remaining $25 billion. The government converted $25 billion of preferred stock into Citi common at a little over $3/share for the common (when it was trading at less than half that). The government now intends to sell its Citi shares over the next 6-12 months. It may come to more or less than $25 billion but Citi isn’t on the hook for a shortfall if there is one.

Sweet deal were stuck with their toxic crap and they get huge bonus’s and

http://www.businessinsider.com/even-without-tarp-banks-are-still-heavily-subsized-2009-12

[ding_dong_daddy_from_dumas]

The government now intends to sell its Citi shares over the next 6-12 months. It may come to more or less than $25 billion but Citi isn’t on the hook for a shortfall if there is one.

And even if they did get $25B for it, it would remain as part of the TARP/Dem slush fund until they decide what to do with it.