Friday, December 4, 2009

Another Emirate Gets Boned

It's Nothing Personal, It's Just Business
So, yet another Gulf emirate has gotten done like a drunk date in prom night.

In this case, it's Abu Dhabi, who agreed to buy shares of Citi at $31.83, under the terms of a 2 year ole deal, even though the shares are currently trading at $4.10.

It's nothing personal, and Citi and its ilk have been doing this to the US public, and the US taxpayer for decades now.

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