Sunday November 22, 2009 4:03 AM ET
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Give Thanks for the Citigroup Bailout
Don Luskin: The government got it right this time.
 
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Posted by: lullo665
First we learned [as our jaws hit the floor] that Merrill Lynch's CEO had to tell his troops that 'the banks cut our trading lines'. In the most literal sense, the truly unthinkable had happened. But it turns out that such event was but a mere prelude for worse jaw-droppers to come. Mightiest Citigroup over a barrel? Oh megads, are you saying that right up to this past weekend we were hanging by the thinnest of threads when we all thought that the worst was over once TARP got the green light? Are there any other unexploded bombshells lurking around the alleys of Wall Street City? Please let us know so that we won't succumb to the temptation to load up on 'cheap stocks' which may not be worth the paper they're printed on if the whole thing comes crashing down.
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