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Citi ducks showdown on energy trader pay

|Includes:Citigroup Inc. (C)

So how will Citigroup and the Obama administration settle the issue of a $100 million bonus due the bank's top energy trader? Apparently, they'll just avoid  the issue.

As Felix Salmon notes, this just means Andrew Hall will probably take his payoff and leave, rather than be subjected to limits in the future. So much for the government cracking down on Wall Street's runaway pay. It seems our "pay czar" is more of a play czar.

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Stocks: C