European Tribune - Comments - European Salon de News, Discussion et Klatsch

European Salon de News, Discussion et Klatsch - 28. February | 73 comments (73 topical, 0 editorial, 0 hidden)

So the Obama administration just exchanged $25 billion worth of dividend paying preferred stock for not dividend paying common stock paying $3.25 a share while the market price for Citi common stock is $1.80.
Somehow that deal does not make sense to me ...

by Fran (fran at eurotrib dot com) on Fri Feb 27th, 2009 at 02:09:27 PM EST
[ Parent ]

Re: Economy and Finance (none / 0)

Not to mention - even taking the preferred stock obligations out of the picture citi's liabilities are still probably in excess of its assets if you valued everything properly. So it doesn't even help.

by Maryb2004 on Fri Feb 27th, 2009 at 04:44:50 PM EST
[ Parent ]

Re: Economy and Finance (none / 0)

It helps if you're one of the former stock holders.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat Feb 28th, 2009 at 09:49:13 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 28. February | 73 comments (73 topical, 0 editorial, 0 hidden)

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