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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Labels|Categories|Tags
BOFA,
citibank,
financial bailouts,
rob a bank,
treasury,
your banks belong to us
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