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IPFS News Link • Obama Administration

Citigroup: World’s Worst Investment to Get Even Worse

02-27-2009 • Ritholtz.com/blog/

Well, the higher investment stake creates an enormous incentive for John Q. Public to continue to pour money into Citi, regardless of valuation. The inept banking giant then has access to infinite amount of capital, courtesy of you, the 1040 filers.

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Reported By Jack Gregson

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Citigroup: World’s Worst Investment to Get Even Worse

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