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Saving Citi Bank

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CNBC Maria Bartiromo interviewing Saudi prince Awaleed, the largest shareholder of Citi Group (NYSE: C), after the US gov (aka we the tax payers) bailed out the Citi and the prince. Here are the terms (PDF). Maybe president Bush gave him assurance that his holding won’t get much diluted before the rescue? The video lasts 18 minutes.

Where is the money for Detroit auto makers, by the way? Sorry no Saudi prince owns the big 3 stocks, and nobody can call the President directly.