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Citigroup, Bank of America ?Nationalized? as U.S. Calls Shots

By ADF Alliance Alert

Bloomberg: The U.S. government?s decision to pledge billions of additional dollars with strings attached to Citigroup Inc. and Bank of America Corp. may be nationalization by another name, according to former bankers and regulators . . . ?When the Treasury tells a bank to pay a penny a share vs. its old dividend, you know who?s calling [...]

Full post as published by Constitutionally Correct on January 23, 2009 (boomark / email).