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It’s official – CitiGroup caves

Story here

Citigroup Common stock immediately lost 41% of its value.

*** Update ***
Since the US Government is moving its claim of ownership to the end of the line, Citigroup Preferred stock is zooming up – up 70%….

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This entry was posted on Friday, February 27th, 2009 at 9:17 am and is filed under Bankruptcy Watch, Financial Collapse, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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