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.
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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