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Overnight Open Thread

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gregg3/12/2009 4:02:07 am PDT

Put this in the “Why can’t I be that lucky” category:

“Four Citigroup Inc. executives who bought the bank’s stock last week have already generated a $2.2 million paper profit, regulatory filings show.”

Let’s see, they buy the stock last week and then an internal memo gets “leaked” that causes the price to jump 50%. Glad to see they cleaned up Wall Street.

Citigroup Executives Score $2.2 Million Betting on Own Stock