December 7, 2010

Obama Administration Earns $12 Billion Profit on Citigroup Bailout

President Obama has been taking a lot of grief from his political friends and his political enemies. I suspect that he must be feeling good at knowing that his administration continues to do well behind the scenes. The U.S. Treasury is selling off the last remaining shares from the Citigroup bailout. All told, taxpayers will reap a $12 billion gain on the government's multi-billion dollar investment in Citigroup.


Travis Cody said...'ll spoil the "Obama sucks" meme.

Villager said...

Travis - President Obama had a good month. It is getting harder and harder to say "Obama sucks" with any truth to it for his opponents...