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Exchequer

NRO’s eye on debt and deficits . . . by Kevin D. Williamson.

Treasury Offloads Citi Stock



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Uncle Sam is getting out of Citigroup. Hooray.

But we’ve still got that dodgy insurance company and automobile maker on our national balance sheet. And Fannie and Freddie.

We turned a little profit on our Citi stake, meaning that the nominal cost of TARP is now down to about $25 billion.

For those of you keeping score at home, that means that the foreclosure-prevention stuff passed on the coattails of the bank bailouts will end up costing at least three times what the bank bailouts themselves cost.


Tags: Bailouts


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