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U.S. Eyes Huge Citi Stake — Not Nationalization

Feb 23, 2009By

One day after assuring investors that it did not intend to nationalize certain key banks — and despite remarks from key lawmakers suggesting otherwise — the U.S. government is instead looking to take a massive 40 percent stake in troubled Citigroup, Inc. [stock C][/stock], the Wall Street Journal reported Sunday evening.

3d rendering of a row of luxury townhouses along a street

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