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Where'a an income investor to turn? Citigroup (C) calls away another series of trust preferred...

  • Wednesday, November 14, 2012, 4:26 PM ET
    Where'a an income investor to turn? Citigroup (C) calls away another series of trust preferred securities, these the 7.875% Enhanced TRUPS. Banks have been busily redeeming this high-cost paper as new rules no longer allow it to be counted in capital calculations. (PR)
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    After all, why should they pay 7.875% interest on an enhanced something-or-other when they can reward their savers with a 0.3% APR CD? Is this a great country, or WHAT?
    15 Nov 2012, 02:54 PM Reply Like
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