dorkulon
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Thu Nov-13-08 07:22 AM
Original message |
Question about the bailout switcheroo |
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Edited on Thu Nov-13-08 07:23 AM by dorkulon
If we are buying equity (stock) in these banks, doesn't that mean we own that stock, and isn't the stock actually more valuable than these hopeless mortgage assets?
I thought this is what some of us were calling for as an alternative to the original plan to buy these junk mortgage "assets," because the gov't stood a better chance to make the money back.
Not endorsing any of this, just trying to figure it out.
edited for spelling
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grannie4peace
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Thu Nov-13-08 07:46 AM
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1. i heard that owning interest was safer for the public than the properties |
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they at first said they'd bail out!!!
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zbdent
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Thu Nov-13-08 07:48 AM
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2. I believe that it was stated that the stocks the Govt. would buy are the more common stock ... |
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where you'd have to hold a really significant number of them to actually have any voting privileges ...
Not quite as bad as the "decorative" stocks issued by the Cleveland Indians a number of years back, when they were trying to raise money in a "creative" way ... never expected to have a real dividend (although, when the owners wanted to sell the team, they bought back the stocks with a slight "profit"). Kind of like where you have to hold 10000 shares to get one vote.
But not in the same league as the type of "corporate takeover" that was all the rage ...
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bullimiami
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Thu Nov-13-08 07:50 AM
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3. bailing out credit card holding companies with the way they have treated the consumers |
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is going to get a lot of us pissed off.
the whole bailout seems to be a typical bushco scam.
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SammyWinstonJack
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Thu Nov-13-08 07:53 AM
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4. That's because IT IS a typical bu$hco scam. |
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It if walks like a duck and quacks like a duck.....:silly:
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bullimiami
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Thu Nov-13-08 12:18 PM
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5. then i guess its the duck that lays the golden eggs. |
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