Friday, February 27, 2009
Citigroup: Nationalized or Internationalized?
The U.S. now owns about 36% of Citigroup.
The Government of Singapore owns around 11%.
The Kuwaiti government owns about 6%.
And a Saudi prince owns about 5%.
That totals some 58% owned by governments and foreign royalty.
Whether or not Citigroup has been nationalized or internationalized, one thing is for sure: it is no longer a private bank.
1 comment:
→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).
→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).
→ The following types of comments will be deleted if we happen to see them:
-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over
-- Comments that explicitly call for violence
→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.
Posts
Completely off topic, and sorry for that, but I was thinking about this last night and found this brief exchange between us:
ReplyDeletehttp://www.opednews.com/articles/opedne_donna_no_080201_conyers_staffer_says.htm
It is down about half way in the comments. Seems we might be coming around to that.
regards,
Steve Demetriou