Treasury Overpaid For Bank Stocks
We have previously reported on the ways
top US banks were "forced" to sell
significant amounts of their stocks
in a meeting organized by Paulsen:
http://echoesofwisdom.blogspot.com/2008/10/all-your-banks-is-belong-to-us.html
Just short few months later,
it turns out Treasury way overpaid
on these stocks:
http://finance.yahoo.com/news/Watchdog-Treasury-overpaid-apf-14274415.html
A great example of government's inability to
run anything effectively and efficiently.
There will be more bailouts and stimulus
like that unless we voice our opinion against
it:
http://echoesofwisdom.blogspot.com/2009/02/stop-stimulus-plan.html
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Labels|Categories|Tags
BOFA,
citibank,
financial bailouts,
rob a bank,
treasury,
your banks belong to us
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