Citigroup

(Community Matters) The announced bailout doesn’t sound as if negotiated at arms length. Robert Rubin (former treasury secretary and mentor to most of BO’s incoming economic team) negotiating with his former Goldman Sachs colleague, current treasury secretary Paulson and reported incoming secretary Timothy Geithner. I don’t understand why existing shareholders weren’t completely wiped out by the $300 billion+ bailout. This smells bad.