Citigroup, along with other companies, borrowed billions in emergency loans from working class individuals. However, it might turn out to be the model bailout. When remaining shares are sold, it is likely to net a profit for the Treasury. A profit at all will probably please pundits. The profits ought to total about $12 billion. Citigroup is attempting to help keep individuals from feeling like they're creating some kind of a payday cash off their consumers. Post resource - Citigroup turns emergency loans into profit for taxpayers by MoneyBlogNewz

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Great thing that Citigroup got emergency loans

It was over 2 yrs ago that Citigroup claimed it would die if it didn’t have instant cash. This is why it asked for emergency loans from the United States Treasury. There has been a lot of controversy around the bailouts and also the Troubled Asset Relief Program, or TARP. Even the most fiscal conservative will be happy to hear the most recent announcement that came out. The Treasury can be selling the rest of its shares in Citigroup; it holds more than 2 billion common shares within the company, as outlined by USA Today. The shares were required by the Treasury to be received. This was a condition of getting the loans that were secured. About $12 billion from the loans to Citigroup can be about what taxpayer’s profit.

27 % profit to Treasury from Citigroup

As a result of the bailout, about 7.7 billion shares of Citigroup were taken by the government. The Treasury had sold 5.3 billion of those shares as of Monday. The remaining shares being sold could mean about $31.8 billion in a fast cash loans along with an additional $2.9 billion in interest. This is assuming the last 2.4 billion shares sell at the $4.35 a share as the price showed on Monday. Combined with the payments Citigroup has already made, more than $20 billion, the Treasury should take in an estimated $57 billion for the $45 billion in loan cash and guarantees to Citigroup. That's a simple profit of about 26.7 %.

Seeming like a model bailout

If the sale of Citigroup shares by the Treasury does result in a profit of that much, or even close, that would make Citigroup a model bailout company. In a perfect world, firms like GM and other bailed out companies would have the same things happen.

Citations

USA Today

usatoday.com/money/industries/banking/2010-12-08-citi-bailout_N.htm