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The swindle of American taxpayers is proceeding more or less in broad
daylight, as the unwitting voters are preoccupied with the national
election. Treasury Secretary Hank Paulson agreed to invest $125 billion
in the nine largest banks, including $10 billion for Goldman Sachs, his
old firm. But, if you look more closely at Paulson's transaction, the
taxpayers were taken for a ride--a very expensive ride. They paid $125
billion for bank stock that a private investor could purchase for $62.5
billion. That means half of the public's money was a straight-out gift
to Wall Street, for which taxpayers got nothing in return.
source...
posted 2 months ago in stock, finance, election4 views | 2 jaas | 1 save | reply )

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