Who's getting bailed out today? (Citigroup)
Ah, another day, another bailout. Today's beneficiary: Citigroup.
On the hunt for cash, the nation's largest bank said Tuesday it also got a $12.5 billion investment from outside investors, including $6.88 billion from the Government of Singapore Investment Corp.
Other investors were Capital Research Global Investors, Capital World Investors, the Kuwait Investment Authority, the New Jersey Division of Investment, shareholder Prince Alwaleed bin Talal of Saudi Arabia and former chief executive Sanford Weill and his family foundation.
So this is the Goldilocks economy Mr. Kudlow? What you thought was the Goldilocks economy for the past few years, has actually been the Wizard of Oz economy. Pay no attention to that man behind the curtain! When the curtain opens, you just might find out he has no idea what he's doing.
