Taxpayers are now buying drug companies.

O

operator

"The acquisition will be financed by Bank of America Corp., Barclays Plc, Citigroup Inc., Goldman Sachs Group Inc., and JPMorgan Chase & Co., Pfizer said. Morgan Stanley and Evercore Partners Inc. are counseling Wyeth. Each bank will put in $4.5 billion."

I'm not sure what the heck is going on here, but things are getting a little out of control. Do the above banks really have 4.5B each to kick in for this not so necessary deal??? I thought these clowns were suppose to lend to consumers???
 
I think they wanted them to lend to businesses just as much as consumers, since most of the articles I've read detail businesses complaining about not having enough credit currently.

Unfortunately, I don't think they anticipated job losses from loaning to these businesses :(

I don't know where the job losses end. It's scary.
 
You must log in or register to reply here.
Back
Top