WE'RE IN THE MONEY...:

U.S. take if it sells its Citi stake to settle cost of bailout: $8 billion (David Cho, 3/28/10, Washington Post)

The Obama administration is making final preparations to sell its stake in the New York bank, according to industry and federal sources. At today's prices, the sale would net more than $8 billion, by far the largest profit returned from any firm that accepted bailout funds, and the transaction would be the second-largest stock sale in history.

On paper, the government's 27 percent stake has grown in value to $33 billion.

W not only saved the global banking system but turnmed a tidy profit on the deal. Of course, Mr. Obama and congressional Democrats deserve credit for signing off on the deal. Indeed, everyone comes out looking good except House Republicans and the Right.

Posted by Orrin Judd at March 28, 2010 7:16 AM