NY Times: U.S. Reconsidering Citi Stake Sale
Posted: 16 Dec 2009 02:49 PM PST
From Eric Dash at the NY Times: U.S. Said to Reconsider Quick Sale of Citigroup Stake
Two days after Citigroup moved to untangle itself from Washington, the Treasury reversed course Wednesday and backed away from plans to immediately sell a portion of its stake in the banking giant ... The decision came after Citigroup badly misread the financial markets on Wednesday and struggled to sell new shares to pay back its bailout funds.
Oops.
From Eric Dash at the NY Times: U.S. Said to Reconsider Quick Sale of Citigroup Stake
Two days after Citigroup moved to untangle itself from Washington, the Treasury reversed course Wednesday and backed away from plans to immediately sell a portion of its stake in the banking giant ... The decision came after Citigroup badly misread the financial markets on Wednesday and struggled to sell new shares to pay back its bailout funds.
Oops.
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