Treasury plans sale of 1.5 billion Citi, awful nice for Goldman Sachs to fakely upgrade, why not raise oil to 147 barrel AGAIN, too, GS are crooks and regular joes will lose, buying this crap. Institutions will short this back to the 3.64's, only for it to cycle up again. Pure corruption.
WASHINGTON (MarketWatch) -- The Treasury Department said it's entered into its fourth pre-arranged trading plan to sell Citigroup /quotes/comstock/13*!c/quotes/nls/c (C 4.20, -0.01, -0.24%) common stock, as Morgan Stanley will sell 1.5 billion shares as Treasury's sales agent. The sale of 1.5 billion additional shares of Citigroup common stock would bring Treasury's holdings of Citigroup common stock to approximately 7% of total shares outstanding, down from a high of approximately 27%. It would also mean that Treasury had disposed of nearly three-quarters of its original 7.7 billion share common stock stake in Citigroup. To date, taxpayers have received a total of $41.6 billion in revenue from the $45 billion TARP investment through repayments, dividends and interest, the sale of common stock, and the sale of other securities, Treasury said.
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