US Taxpayers to Make $12 Billion Profit on Citigroup Bailout

WASHINGTON – After all is said and done, taxpayers will make a $12 billion profit on the government’s $45 billion bailout of Citigroup.

The Treasury Department said late Monday that it had struck a deal to sell its remaining holdings in Citigroup common stock, about 2.4 billion shares. With the proceeds of the sale, priced at $4.35 a share, the government will have realized $57 billion on its bailout package for the big bank.

Gov’t: Taxpayers make $12B on Citigroup bailout – Yahoo! News

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