Citigroup to pay the U.S. back.

Citigroup Inc, (C) vows to pay the U.S. back the whole $45 billion dollars they received as a national bailout. Chief Executive Vikram Pandit pledged to repay "every dollar".

Vikram made this announcement to Citi investors at their annual meeting which stretched out to be about five hours. Surprisingly shareholders reelected all of Citi's directors. I guess they like the sudden surge Citi is making on the market, rising from less than a dollar to a $3.00+ close. Citi has reported a $1.59 billion first-quarter profit before payments of preferred dividends under the U.S. Treasury Department's Troubled Asset Relief Program (TARP). Which is a complete upturn to its 5 consecutive quarter losses of $37.5 billion.

Now by no means necessary am I going to give anyone advice on trading, because I don't have a license to do so. However if you are interested in purchasing stocks or options then Citi is a good choice. They are reporting growth, they promise to shell out dividends once they reach some stability, most importantly don't think the US government will let them fail! Citi will continue to be around, and like most companies they will once again grow and the reach the top of the mountain.