ABC News: Taxpayer's Now Have Stake in CitiGroup, Third Bailout Loan
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Charles Gibson & Sharon Alfonsi report on the purchase of 1/3 Equity Interest of CitiGroup by the national treasury. Along with the investment to secure the banks future, a change in the board of directors will take place, except that of CEO Vikram Pandit. The agreement also means taxpayers have a 36% stake in CitiGroup. |
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