How Much Did Crisis Cost America? $30 Trillion

The Federal Deposit Insurance Corp. says it’s selling $2.4 billion in Citigroup bonds. That represents the last bit of the bank owned by a government agency because of Great Financial Crisis bailout. Washington has already cleared about $13 billion on the Citi bailout from selling a $45 billion investment in Citi preferred stock for $57 billion. The current sale, according to Bloomberg, “would bring the government’s overall profit on the Citi bailout to nearly $15.5 billion.”