Paulson Flipped - then Flopped and Now Has Flipped Again - Citigroup

Paulson Flipped - then Flopped and Now Has Flipped Again - Citigroup

First Paulson was supposed to buy troubled debt from lenders. Then he said he changed his plan and wouldn't and would buy preferred stock in the Financial Companies instead. In exchange for an equity stake, the govt injected $25 billion into Citigroup and an additional $100 billion into eight other major U.S. financial institutions.

But that didn't stem the fall of Citigroup stock from 20 to 3.6 or so - as of the close on Friday. Citigroup had more than $2 trillion in assets as of the end of the third quarter and has operations in more than 100 countries.

Now - Paulson reportedly wants to subsidize Citi's bad loans.
He's flipped once again....