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U.S. says it books $12 billion profit on Citigroup bailout

Discussion in 'News & Current Events' started by Crabtownboy, Dec 7, 2010.

  1. Crabtownboy

    Crabtownboy Well-Known Member
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    More profit from the bailout ..................

     
  2. targus

    targus New Member

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    You need to factor in the cost of the interest paid to Citibank for the treasury bills that they bought with the money - earning a higher rate of interest than they were borrowing at.

    That would be a net loss to the government.
     
  3. Crabtownboy

    Crabtownboy Well-Known Member
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    Again you show no understanding in business and investing ... though you claim to be a businessman. Drop it T, "ain't gonna play your silly game this time."
     
  4. SpiritualMadMan

    SpiritualMadMan New Member

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    Please provide a link for your assertion...
     
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