Monday, August 24, 2009

Taxpayers are Rolling in Green(backs)

It was reported on August 24, 2009, that U.S. taxpayers have thus far made a profit of $11 billion on their investment in Citigroup. So, when can we (the taxpayers) expect to receive a dividend? Or, is it more likely that the government will use the profit from the sale of its stake, when it chooses to sell, for other spending programs?

The notion that taxpayers profit from government loans and investments does a disservice to the English language.

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