Like Citibank? You'll OWN It Soon

The trouble with taxpayer-ownership of Citigroup is that it isn't worth a pint of pee--much less the $40Bn we're going to put into it.

“Explain this to me again: We put in many times the value of this company — we have already given them $45 billion dollars, and guaranteed almost $300 billion dollars worth of bad paper — and we get less than 50%? WTF? How the hell does THAT work?"

(A comment imagined by Ritholtz--but which should be part of the "Tea Party" signage...)

Answer to the question:

Because Tim Geithner says so, that's why.

HT: BigPicture