Making the whole affair, a typical power play, by the banks. Way to regulate Geithner. We have nothing but confidence in the banking system now. What's on tap for next week? Will every government official be on TV claiming the banks are great, until they have time enough to secure second offerings? Tell me one large investor that will be fooled, outside of the government?
The Mess on Wall Street: $4 Trillion Down the Drain [View article]
Shouldibuyit...since you are unable to do this yourself, you go to Yahoo! and enter the symbol. They choose "key statistics". Oh, lookey here! It say WM is worth 3.94B.
To all those that worry about the people (government) taking back their property (stocks, bonds, etc.) I can only ask "why"? The machine failed and you're getting back your assets for pennies on the dollar, without a revolution. If AIG, WM, BSC, LEH, FNM, FRE, MER, and others had stayed private, you would have had......what? Now you own them, for next to nothing, and the only thing you did not get was MER, and BAC stepped up and did the "blue blood" thing, and overpaid. We'll look back on this, ten years from now, over a burger, the five dollar one, not the $15 dolllar one, and laugh, laugh, laugh.
Bank Stress Test: The Cheat Sheet [View article]
online.wsj.com/article...
Making the whole affair, a typical power play, by the banks. Way to regulate Geithner. We have nothing but confidence in the banking system now. What's on tap for next week? Will every government official be on TV claiming the banks are great, until they have time enough to secure second offerings? Tell me one large investor that will be fooled, outside of the government?
The Mess on Wall Street: $4 Trillion Down the Drain [View article]
The Mess on Wall Street: $4 Trillion Down the Drain [View article]
finance.yahoo.com/q/ks...
To all those that worry about the people (government) taking back their property (stocks, bonds, etc.) I can only ask "why"? The machine failed and you're getting back your assets for pennies on the dollar, without a revolution. If AIG, WM, BSC, LEH, FNM, FRE, MER, and others had stayed private, you would have had......what? Now you own them, for next to nothing, and the only thing you did not get was MER, and BAC stepped up and did the "blue blood" thing, and overpaid. We'll look back on this, ten years from now, over a burger, the five dollar one, not the $15 dolllar one, and laugh, laugh, laugh.