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Day trading S&P 500 and Citi bank not nationalized, majority ruled

Citibank traded 1.65 billion shares
Citibank traded 1.65 billion shares

Well, we aren’t going to nationalize it but the Treasury will take 75% stake in Citibank knocking the investors value out the window.

Taking common equity.  This basically gives us a value of 0 for the common stock.  Preffered stock has no dividends, it is over.

Old Soviet Union is jealous.

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