TALK BACK: U.S. Can Only Gain On Its Investment in Citigroup
A reader comments on the stock swap pact that will give the U.S. government a 36% stake in Citigroup Inc.(C) and the continuing slide in bank stocks:
Just sitting here buying JPM and WFC. I think everyone who failed math in school has become an investor. I guess it's the sheep theory all over again. By the way. Why is everyone betting that the Fed is trying to lose money on Citi with the conversion to common? We are already diluted and can only go up.
(TALK BACK comments may well be submitted by readers who have a financial interest in the securities that are being discussed.)
(TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at TalkbackAmericas@dowjones.com. Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments. Talk Back comments can be found under the N/TLK code.) |