Which is why calling it a “bailout” is silly. These banks and their shareholders have lost a fortune and the taxpayer is going to make a profit by selling those assets over the next few years for much more than the $700B they are putting out in the short term.
This is not the way I’d prefer to see the government use my tax dollars, but I have no doubt it will be a net positive revenue stream for Treasury in the long run.
What's the #1 maxim of investing?
BUY LOW!!
yitbos