Citigroup (C) To Repay Government, But Payment May Come Too Early

"There is finally news that Citigroup (NYSE:C) is close to repaying the government as much as $20 billion to return TARP funds so it can get out from under the government’s thumb on issues such as compensation and board appointments. The public does not know the exact details of how Citigroup will arrange for the government to convert its 34% ownership in the big bank to common stock and how that stock would then be sold."