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Monday, March 29, 2010

PERSPECTIVE on the bank bailout

PERSPECTIVE IS A NEW BLOG FEATURE that puts the stuff we're hearing and reading into, well, perspective.

According to the Washington Post, the U.S. government is about to sell its stake in Citigroup for more than $8 billion -- "by far the largest profit returned from any firm that accepted bailout funds" and a "windfall" that amounts to "a validation of the rescue plan adopted by government officials during the height of the financial panic, when the banking system neared the brink of collapse."

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