Citi Rescue Gives Prince, Singapore Sweeter Terms

Bloomberg.com, 2 Mar 2009, David Reilly

March 2 (Bloomberg) -- It’s good to be a Saudi prince. And it’s good to be an investment company backed by the government of Singapore, or a former Citigroup chief executive. For that you get favored treatment from Citigroup Inc.

It’s not so pleasant to be an average investor, say a mutual fund or insurer holding the retirement savings of average Americans. Then you just might get a kick in your keister.

Read More