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To: wastoute

No you can’t give it to her. When the government bailed the banks out it took an equity position of its own which is superior to that of previous equity holders. So in effect the government has wiped out the previous equity holders.


18 posted on 02/04/2009 8:39:27 AM PST by SeeSharp
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To: SeeSharp

Zackly. It’s like having an undervalued property and being forced to sell it at a big loss when it’s condemned for a freeway. Or a shopping center.


30 posted on 02/04/2009 11:16:32 AM PST by Cyber Liberty (Pretending the Admin Moderator doesn't exist will result in suspension.)
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