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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