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

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)
Comments (1)
  • 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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