What did Citibank get out of it? It got the ability to reverse the arbitrage. Actually, what they got was the ability to give themselves a profit, and that saved the bank.
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Nationality: American Type: Politician Born: September 13, 1939 |
“I think the varied backgrounds in the beginning were a plus. It took a while for people to understand what they were trying to do and get started, but it did provide for a lot of new ideas.”