Obama Admin Grants Mega Tax Break To Citi In Bailout Deal | Talking Points Memo

Did the Obama Administration just deliver a $38 billion stealth bailout to Citigroup?

According to several outside experts the answer is yes, but the Treasury is maintaining an IRS ruling that granted Citi a $38 billion tax break was routine and proper. The Washington Post first reported the news of the IRS ruling in a front-page story today.

This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=133257