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27 Feb 2009 03:05 pm
The World's Worst Investment?
Barry Ritholtz lambastes the Citi deal:
... for about 100% of the market value of Citi, plus insurance guarantees worth as much as 500% of its value (~$275 billion), we got less than 1/10 of a company that in total was worth 1/5 of our investment.
Pretty good deal, eh?
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