The Stimulus Tracker

[SubGod22]

Keep Talking, Sheriff Joe. No one Believes You.

Joe really is trying to spin the stimulus into some great success but the people are NOT buying it according to polls. It's been nothing but a HUGE WASTE of money.

[SubGod22]

49 of 50 States Have Lost Jobs Since Democrats’ Stimulus

[1979Shocker]

I figured I'd put this here instead of starting a new thread.

U.S. to sell entire stake in Citigroup in 2010

WASHINGTON - The Treasury Department said Monday it will begin selling the stake it owns in Citigroup Inc., which could result in a profit of more than $8 billion.

The government received 7.7 billion shares of Citigroup in exchange for $25 billion it gave the bank during the 2008 credit crisis. It said it will sell the shares over the course of this year, depending on market conditions.

Like any investor, the government will likely hold on to its shares if prices fall steeply. However, Citi shares have steadily been rising with the broader market in recent months, which means the Treasury Department stands to pocket a hefty profit.

[RoyalShock]

I ponder how many printing presses they plan on purchasing with the profits? Plenty would be my prognostication.

[Maggie]

I figured I'd put this here instead of starting a new thread.

U.S. to sell entire stake in Citigroup in 2010

WASHINGTON - The Treasury Department said Monday it will begin selling the stake it owns in Citigroup Inc., which could result in a profit of more than $8 billion.

The government received 7.7 billion shares of Citigroup in exchange for $25 billion it gave the bank during the 2008 credit crisis. It said it will sell the shares over the course of this year, depending on market conditions.

Like any investor, the government will likely hold on to its shares if prices fall steeply. However, Citi shares have steadily been rising with the broader market in recent months, which means the Treasury Department stands to pocket a hefty profit.

Any chance that the $8 billion will be distributed to taxpayers as dividends? ;-)

[1979Shocker]

I figured I'd put this here instead of starting a new thread.

U.S. to sell entire stake in Citigroup in 2010

WASHINGTON - The Treasury Department said Monday it will begin selling the stake it owns in Citigroup Inc., which could result in a profit of more than $8 billion.

The government received 7.7 billion shares of Citigroup in exchange for $25 billion it gave the bank during the 2008 credit crisis. It said it will sell the shares over the course of this year, depending on market conditions.

Like any investor, the government will likely hold on to its shares if prices fall steeply. However, Citi shares have steadily been rising with the broader market in recent months, which means the Treasury Department stands to pocket a hefty profit.

Any chance that the $8 billion will be distributed to taxpayers as dividends? ;-)

That's what I was thinking. I did a quick google and in 2007 there were 138 million taxpayers, so that would come to a little over $50 each.

[Maggie]

I figured I'd put this here instead of starting a new thread.

U.S. to sell entire stake in Citigroup in 2010

WASHINGTON - The Treasury Department said Monday it will begin selling the stake it owns in Citigroup Inc., which could result in a profit of more than $8 billion.

The government received 7.7 billion shares of Citigroup in exchange for $25 billion it gave the bank during the 2008 credit crisis. It said it will sell the shares over the course of this year, depending on market conditions.

Like any investor, the government will likely hold on to its shares if prices fall steeply. However, Citi shares have steadily been rising with the broader market in recent months, which means the Treasury Department stands to pocket a hefty profit.

Any chance that the $8 billion will be distributed to taxpayers as dividends? ;-)

That's what I was thinking. I did a quick google and in 2007 there were 138 million taxpayers, so that would come to a little over $50 each.

Cash money. :)

[RoyalShock]

After administrative expense, you're down to about $5.

[SB Shock]

After administrative expense, you're down to about $5.

yeah, they will have to send you a letter telling you might be eligible for this dividend but you don't need to do anything.

Then they would send you letter telling you will receive a dividend.

And then you will get your dividend check...

[RoyalShock]

After administrative expense, you're down to about $5.

yeah, they will have to send you a letter telling you might be eligible for this dividend but you don't need to do anything.

Then they would send you letter telling you will receive a dividend.

And then you will get your dividend check...

Or they'll put a check box on your tax form asking if you'd like to:

A. Apply to U.S. debt reduction
B. Donate to the Democrat Re-election Fund
C. Redirect to IRS to help cover new agent training for the Health Insurance Enforcement Unit

Where is choice D - Add to my refund? Ummm, yeah.