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To: JasonC

income of $3.25b?

taxpayers gave them $180 billion


37 posted on 03/10/2009 1:13:34 PM PDT by GeronL (Will bankrupting America lead to socialism?)
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To: GeronL
False, $45 billion of capital, only.

They got some loan loss guarantees on additional assets, where Citi agreed to take the first 10% of any loss and the government guaranteed the rest, to reassure counterparties etc, but that isn't capital. It was implicit in the FDIC anyway.

42 posted on 03/10/2009 1:17:54 PM PDT by JasonC
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