Moochacha

Citibank's Best Customer: The U.S. Government

Seems like there aret so many shares out there I am wondering if the government got any value when it traded its preferred shares for common shares. To make matters worse now that C apparently will be issuing warrants for more preferred shares (only government entities cannot excercise them according to an advisory) will the government be singing Dubai, Dubai Doo, Doo, Doo.Doo Doo Doo?