Unbelievable. Citigroup then got a nice bailout. They run the government apparently.
—
And, at the time, Citi was primarily owned by ?????? SAUDI ARABIA!!!!!!
Oddly enough, one of Obama’s big fundraisers/bundlers in the 2008 election was Iranian Hasan Nemazee... who got caught in monkey business with Citibank
Not sure if 3 to 5% qualifies as “primarily.”