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Community => General Discussion => Topic started by: ren on Friday, June 12, 2009, 02:19:30 PM

Title: This happened kind of fast (Citigroup)
Post by: ren 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?

Title: Re: This happened kind of fast (Citigroup)
Post by: Ghandi on Friday, June 12, 2009, 09:53:55 PM

A drop in the bucket.