Showing posts with label BOFA. Show all posts
Showing posts with label BOFA. Show all posts

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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