I don't think you will see anything but upside from here they are not doing to dump them all at once eveyone is thinking like that. You have to remember how it will play out or how your being played
First city will report April, it will be good news Gov will sell say a billion shares (that will not even have effect during the good news (city has traded 6.5bill shares in less then two weeks)
Remember institutions have up until say 3months ago shun City. If city has a good reports to build confidence again watch out when the funds truck backs up to City.
The Gov will sell shares almost every Q. I'm thinking they will divide the 7.7 into 4Q's