Taxpayers' "investment" in bank bailout loses one third in one month

Discussion in 'Economics' started by wilburbear, Dec 5, 2008.

  1. Heads, they win

    Tails, you lose
  2. If the government exercised all its warrants to purchase the stock today, it would lose money on 51 of its 53 agreements. Taxpayers would be out $9.3 billion.


    It's not the heat it's the humidity.
  3. Most of the money is in preferred stock receiving a 5% annualized interest rate. Of course the warrants will be underwater 1 month after. But in 5 years, the gov will have a lot of extra cash to burn.
  4. You mean like Weimar Republic burn??? :D

  5. Damn it!!