I just hope Nermal wasn't behind this

I don’t really like the idea of Abu Dhabi controlling Citigroup but Citigroup was put into a bad situation (largely through their own actions). They had to do the best thing for their shareholders (e.g. sell too Abu Dhabi) but as the largest American bank they should have duty to the country not to let a foreign state control the majority of their assets. I would have preferred Citi sell only the same amount that the Saudi billionaire has and tried to get another investor to buy the difference. This would definitely have been much harder to do because Abu Dhabi probably did the deal in the first place only because it would be the majority shareholder, if they weren’t the deal may not have happened. Also finding a big time investor like that is incredibly difficult to do. I stand by my convictions about government interference in these types of matters (they should stay out of it) but I think in this case the feds had better keep a very very close eye on things and should step in if there is any hint of impropriety. This is somewhat hypocritical but it’s the best I have for now. At this point, if I am Citigroup (and if it is even legal), I would try to find people/companies that are already large shareholders in Citigroup and get them to sell their shares to an newly created holding company that they all own a proportionate stake in.

P.S. If you get the title of this post give yourself a pat on the back.