Citigroup is getting a massive amount of love from the hedge fund community… along with Morningstar’s mutual fund manager of the decade Bruce Berkowitz. I wonder if the taxpayer will get a hand written thank you note from the speculator class (of which I am one!). On one side you have implicit taxpayer support and on the other you have a Federal Reserve which has thrown American savers under a bus so that our oligarchs – Citigroup front and center – can make money in their sleep by borrowing from the Fed at nearly zero and charging the American people any figure over and above 0.25% for their borrowings.
Hedge Funds Pile into Citigroup
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