Monday, January 26, 2009

And the single largest shareholder is.....

The US Government is the single largest shareholder in both CitiBank and Bank of America, with 7.8% of equity and 6.0%, respectively. "Nationalization" is a term that's starting to crop up in policy debates in Washington. Here's an article:

http://www.nytimes.com/2009/01/26/business/economy/26banks.html?pagewanted=2&_r=1&th&emc=th

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