04 December 2009
Another Emirate Gets Boned
So, yet another Gulf emirate has gotten done like a drunk date in prom night.
In this case, it's Abu Dhabi, who agreed to buy shares of Citi at $31.83, under the terms of a 2 year ole deal, even though the shares are currently trading at $4.10.
It's nothing personal, and Citi and its ilk have been doing this to the US public, and the US taxpayer for decades now.
In this case, it's Abu Dhabi, who agreed to buy shares of Citi at $31.83, under the terms of a 2 year ole deal, even though the shares are currently trading at $4.10.
It's nothing personal, and Citi and its ilk have been doing this to the US public, and the US taxpayer for decades now.
Labels:
Corruption
,
Finance
,
Middle East
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