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What Does Citi's TARP Repayment Mean for the World?


Financial stocks can be a proxy for the smoke and mirrors of the global financial system.

Citigroup (C) is planning to pull itself out of its TARP obligations, just as Bank of America (BAC) -- which raised over $19 billion -- did last week. Yahoo TechTicker's Aaron Task questions Todd about trading the banks. He says it's dillutive to the shareholders, but it all depends what the company does with the capital it raises.

With the importance the banking sector holds in the global marketplace, these stocks can be a proxy for all the smoke and mirrors going on in the world.

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No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at

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