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« Where is Morgenson on the WaMu/TPG Deal? | Main | House Bails on Bailout Bill: Paulsen Has to Go »

September 29, 2008

$700 Billion: Government Could Buy Top 11 Banks!!

One gets lost in the size of the bailout bill numbers.  For $700 billion, treasury could buy 100% of the equity all publicly traded commercial banks but Morgan and Chase.  Or government could buy 100% of the top 11 banks, including Morgan and Chase. Why mess around?  With $700 billion Paulsen could just buy our commercial banks and run them.

September 29, 2008 | Permalink

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