What a list! $25 Billion for WFC??? I thought they were supposed to be in the best shape of all.
http://www.msnbc.msn.com/id/28316652/
It is downright frightening to go down that list and see many many banks you’ve never heard of getting $100 Million++ of our tax payer dollars.
This can only mean that people like Roubini and Jim Rogers [...]
NEW YORK (Reuters) - Jim Rogers, one of the world’s most prominent international investors, on Thursday called most of the largest U.S. banks “totally bankrupt,” and said government efforts to fix the sector are wrongheaded.
Speaking by teleconference at the Reuters Investment Outlook 2009 Summit, the co-founder with George Soros of the Quantum Fund, said the [...]
WASHINGTON (AP) — The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around the world despite all efforts to slow the selling stampede.
Separately, the U.S. [...]
Stumble It!