Uh, Thanks: Too Big to Fail, But Now That It Has It's Ours

Uh, Thanks: Too Big to Fail, But Now That It Has It's Ours

by
Abby Zimet

In what analysts are calling a bold move to save one of the country's biggest, floundering banks, the Treasury Department is upping its stake in Citigroup from 8 to 36 percent. That means taxpayers, who have given them $45 billion in bailout money, will now be Citigroup's largest shareholder. And this is supposed to be good news? Kinda reminds us of the Trojan Rabbit in Monty Python's Holy Grail.

 

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