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Citigroup makes dough

By SplendidMarbles ⋅ April 17, 2009 ⋅ Post a comment

4.17.09- Citigroup, the beleaguered former banking giant, posted its first net profit in more than a year. What the hell is going on? Didn’t they receive about $45 billion in bailout funds? Don’t they still have piles of toxic garbage on their balance sheet? This begs me to ask: what is the relevance of reported profits?

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