Author Topic: This happened kind of fast (Citigroup)  (Read 1028 times)

Offline ren

  • Veteran
  • ****
  • Posts: 1,672
This happened kind of fast (Citigroup)
« on: Friday, June 12, 2009, 02:19:30 PM »
http://www.bloomberg.com/apps/news?pid=20601103&sid=ac8BxOO7ruXk

Quote
U.S. taxpayers have reaped a 7.4 percent return on the $45 billion used to rescue Citigroup Inc., almost three times as much as if the money had been invested in the Standard & Poor’s 500 Index.

It doesn't mean much since Citigroup has far from stabilized but that size return surprised me. Buy low, sell high. Right?

Offline Ghandi

  • Senior Member
  • *
  • Posts: 4,804
  • HAMS
Re: This happened kind of fast (Citigroup)
« Reply #1 on: Friday, June 12, 2009, 09:53:55 PM »
A drop in the bucket.