Barry Ritholtz lambastes the Citi deal:
... for about 100% of the market value of Citi, plus insurance guarantees worth as much as 500% of its value (~$275 billion), we got less than 1/10 of a company that in total was worth 1/5 of our investment.
Pretty good deal, eh?
This article available online at:
http://www.theatlantic.com/daily-dish/archive/2009/02/the-worlds-worst-investment/205165/
