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

[wilburbear]

The looting of the American taxpayer is just starting to get legs.

Look for increased demands for bailouts, before the door finally closes, and the taxpayer wises up.

http://finance.yahoo.com/news/AP-IMPACT-Some-bailout-apf-13757756.html

 

[swtrader]

Heads, they win

Tails, you lose

 

[nutmeg]

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.
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lmao.

It's not the heat it's the humidity.

 

[RiceRocket]

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.

 

[gastropod]

Quote from RiceRocket:

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.

You mean like Weimar Republic burn???

-gastropod

 

[MarginCalled]

Quote from swtrader:

Heads, they win

Tails, you lose

Damn it!!