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Citigroup's Dead Cat Bounce
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Citigroup's Dead Cat Bounce

Our Correspondent
Mar 12, 2009
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Citigroup's Dead Cat Bounce
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This week Citigroup shocked Wall Street by announcing that the company would be profitable in the current quarter. At the same time, the Obama Administration indicated that it would be unlikely to nationalize American banks, preferring to provide low- cost funding to encourage the private sector to buy distressed assets from the banks. The two developme…

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