BANZAI7 NEWS--Prince Oilweed, a big investor in Citigroup, urged the U.S. government to sell its stake in the bank as soon as this year to boost investor confidence, Emerging Markets magazine reported.
"The earlier the U.S. government exits its investments in those companies, the better,"
A series of bailouts during the financial crisis has left the U.S. government with a 34 percent stake in Citigroup, after the bank obtained $45 billion from the government's Troubled Asset Relief Program.
WB7: Prince Oilweed should take $45 billion of his oil money and pick up Uncle Sam's end. While he's at it he should take $10 and visit a decent barber.
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