Thursday, December 17, 2009

Loss aversion

US treasury's loss aversion (and the risk of political backlash) halts the sale of Citigroup holding.

BBC News - Citigroup shares sale planned by US government 'halted': "The Treasury had been planning to sell $5bn worth of shares, but reports say it has reconsidered after the price was set below what it paid.
That would mean the US would have taken a politically unpalatable loss."

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