Citigroup advertising “FDIC-insured” forex daytrading accounts

 

Despite the best efforts of Chuck Prince and Vikram Pandit, Citigroup (NYSE:C) (trend Δ update) is not a microcap, or even a smallcap.  So forgive the style drift, but this story is too good not to share.

It turns out that Citi is using our taxpayer-funded insurance policy to peddle day-trading accounts to currency speculators over the internet.  Here’s a screenshot showing the ad served by Google AdWords on Google reader today:

citidaytrading

According to the site, CitiFX offers up to 50:1 margins

Now what could possibly go wrong when you combine government insurance with massive leverage?  Just asking.

DISCLOSURE:  No position.

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