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I’m pretty sure this is bad…
I was traveling yesterday — to New York for an interview with the CEO of Macy’s that’ll air next week. But I wanted to point this out.
At one point yesterday Citigroup was worth less than when it went public nine years ago.
And its market cap is barely worth the $25 billion in TARP money that Hank Paulson pumped into it.
Not good. Not good at all.