Citigroup Gets Paulson Boost (C)

Posted in General 
August 27th, 2009

Citigroup Inc. (NYSE: C) is trading up this morning on reports that hedge fund giant John Paulson has been acquiring a stake in Citi and now holds close to a 2% stake. As of 8:26 AM EST shares are up 2.4% at $4.75 on over 13.5 million shares. Paulson is oine of the ones who made billion in his early bets against the entire financial system as he believed a meltdown was going to occur. In the last quarter he added many bank stakes. -JON OGG

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