Chichot historii
/ 83.5.64.* / 2009-04-08 14:22
"That first $700 billion alone, if spent today, would be enough to purchase: Bank of America, Citigroup, JP Morgan Chase, Wells Fargo, State Street Corp, Bank of NY Mellon, US Bancorp, SunTrust Banks, Capital One Financial, pnc, Regions Financial, bb&t Corp, Fifth Third Bancorp, MetLife Financial, Goldman Sachs, Morgan Stanley and American Express—twice over. Twice over."
"Now President Obama says taxpayers need to provide another, even larger, $750 billion bank bailout?"
"Think about what that means. Virtually every major financial institution in America can be bought outright for only $350 billion."
"America’s banking system is far, far sicker than anyone in Washington dares to publicly admit."
"President Obama has claimed that eventually America will make money from its bailouts of these banks. But if giving money to banks is such a good investment, why didn’t the government just purchase every single major bank in the country? And why did we not think of this long ago?"
"Case study: The federal government has already given Citigroup $45 billion in cash. It has also pledged to guarantee $300 billion in risky investments. Now the government may give America’s formerly biggest bank, and now one of its biggest patients, even more money."
"The market only values Citigroup at $5.7 billion (as of March 9)."
Link: http://www.thetrumpet.com/index.php?q=6016.4411.0.0