More economic Good News: US can make 40% profit off of Citigroup stock sales

[Douger]

Brainwashed idiot.

Market Skeptics: *****2010 Food Crisis for Dummies*****
http://www.thetrumpet.com/index.php?q=7131.5659.0.0
http://www.marketoracle.co.uk/Article18742.html

 

[editec]

Treasury could reap 40% profit in sale of some Citigroup stock - USATODAY.com

WASHINGTON — The Treasury Department said Monday that its first sales of Citigroup stock (C) will cover up to 1.5 billion shares.
That would amount to about 20% of the 7.7 billion shares of Citigroup common stock the government owns.

It received the shares as compensation for the financial support it extended to the bank during the height of the financial crisis.

In a statement Monday, Treasury said it plans to proceed with the sales of the Citigroup common stock "in an orderly fashion under a pre-arranged trading plan with Morgan Stanley, Treasury's sales agent."

Treasury did not disclose in its brief announcement exactly when the stock sales would begin or how long the sales would last.

Treasury said Morgan Stanley has authority to make the sales "under certain parameters" and Treasury expected to give the company the authority to sell additional shares after the initial 1.5 billion shares had been sold.

The sales should earn a tidy profit for the government, which bought the common stock in the summer of 2009 at $3.25 a share. Citigroup closed Friday at $4.86 a share.

If we nationalize all industry hell, we can earn a tidy profit from EVERY INDUSTRY.

Of course by WE I really mean SOMEBODY other than the AMERICAN people.

 

[rightwinger]

Where are all the wingnuts who would be posting thread after thread about how inept Obama is if Citigroup or GM had defaulted on the loans.

That is what the rightwing pundits predicted....that we were throwing money away

 

[Toro]

There is no doubt that the government's actions saved the system from collapse.

Having said that, the government should wait until C gets back to $10. Bank stocks are still cheap. Why sell now when you can make a bigger profit later?

 

[rightwinger]

There is no doubt that the government's actions saved the system from collapse.

Having said that, the government should wait until C gets back to $10. Bank stocks are still cheap. Why sell now when you can make a bigger profit later?

i believe they will slowly sell off the stock...same with GM

 

[CrusaderFrank]

So when do recoup the Fannie and Freddie "investments" or the rest of the $65 Billion we gave to GM?

Who did the Fed loan $2 Trillion to off balance sheet?

Anyone?

Bueller?

Anyone?

 

[Toro]

So when do recoup the Fannie and Freddie "investments" or the rest of the $65 Billion we gave to GM?

GM, maybe a few years. Freddie and Fannie, probably never.

Who did the Fed loan $2 Trillion to off balance sheet?

No one.

 

[rightwinger]

So when do recoup the Fannie and Freddie "investments" or the rest of the $65 Billion we gave to GM?

Who did the Fed loan $2 Trillion to off balance sheet?

Anyone?

Bueller?

Anyone?

When are we getting back the $2.5 trillion Bush tax cut?
Or the $2 trillion we have spent on two wars?

Anyone?
Bueller?
Anyone?

At least we are seeing profit on our investments unlike the money we gave to Bush's friends

 

[PatekPhilippe]

Where are all the wingnuts who would be posting thread after thread about how inept Obama is if Citigroup or GM had defaulted on the loans.

That is what the rightwing pundits predicted....that we were throwing money away

No they didn't. Quit lying. We knew and understood that TARP would be paid back....unlike your President's Stimulus.

 

[elvis]

Where are all the wingnuts who would be posting thread after thread about how inept Obama is if Citigroup or GM had defaulted on the loans.

That is what the rightwing pundits predicted....that we were throwing money away

No they didn't. Quit lying. We knew and understood that TARP would be paid back....unlike your President's Stimulus.

Oh stimulus will be paid back.....

in taxes.

 

[PatekPhilippe]

So when do recoup the Fannie and Freddie "investments" or the rest of the $65 Billion we gave to GM?

Who did the Fed loan $2 Trillion to off balance sheet?

Anyone?

Bueller?

Anyone?

When are we getting back the $2.5 trillion Bush tax cut?
Or the $2 trillion we have spent on two wars?

Anyone?
Bueller?
Anyone?

At least we are seeing profit on our investments unlike the money we gave to Bush's friends

You already got it back...Obama borrowed it from the Chinese and EVERY AMERICAN'S taxes are going up.

 

[boedicca]

When are we getting back the $2.5 trillion Bush tax cut?

We would have gotten the $2.5T back via economic growth and increased employment, which Obama has now destroyed.

(Although I dispute that it is the government's "to get back".)

 

[PatekPhilippe]

When are we getting back the $2.5 trillion Bush tax cut?

We would have gotten the $2.5T back via economic growth and increased employment, which Obama has now destroyed.

(Although I dispute that it is the government's "to get back".)

Me too....but if you're a left wing dupe who thinks the government can spend your money better than you can you'll continue to see people make statements like rw did.

 

[Oddball]

So when do recoup the Fannie and Freddie "investments" or the rest of the $65 Billion we gave to GM?

Who did the Fed loan $2 Trillion to off balance sheet?

Anyone?

Bueller?

Anyone?

When are we getting back the $2.5 trillion Bush tax cut?

Gubmint doesn't "get back" what wasn't theirs to begin with, comrade.

BTW, what's your source for that $2.5 trillion number?

 

[rightwinger]

Where are all the wingnuts who would be posting thread after thread about how inept Obama is if Citigroup or GM had defaulted on the loans.

That is what the rightwing pundits predicted....that we were throwing money away

No they didn't. Quit lying. We knew and understood that TARP would be paid back....unlike your President's Stimulus.

Sure you did...

How many threads did we get that GM would never repay the money and that we would have to continue to bail them out until they eventually collapsed?

The Conservatives claimed that TARP was outright nationalism and the money was gone forever

 

[boedicca]

GM paid back part of the TARP money with other TARP money.

 

[rightwinger]

So when do recoup the Fannie and Freddie "investments" or the rest of the $65 Billion we gave to GM?

Who did the Fed loan $2 Trillion to off balance sheet?

Anyone?

Bueller?

Anyone?

When are we getting back the $2.5 trillion Bush tax cut?

Gubmint doesn't "get back" what wasn't theirs to begin with, comrade.

BTW, what's your source for that $2.5 trillion number?

Making Tax Cuts Permanent Would Pose Long-Term Economic Dangers — Center on Budget and Policy Priorities

 

[xsited1]

More economic Good News: US can make 40% profit off of Citigroup stock sales

And the DOW dropped over 200 points today. Yippee!!!!!

 

[rightwinger]

When are we getting back the $2.5 trillion Bush tax cut?

We would have gotten the $2.5T back via economic growth and increased employment, which Obama has now destroyed.

(Although I dispute that it is the government's "to get back".)

Economic Growth??

Americans lost $13 trillion in personal wealth in the last 18 months of the Bush administration

You call that growth??

 

[rightwinger]

More economic Good News: US can make 40% profit off of Citigroup stock sales

And the DOW dropped over 200 points today. Yippee!!!!!

And its up 5500 points since the passing of TARP/Stimulus

Yippee!!!!!!