> gg wrote: > We'll see what happens. If it is #2 then there's for sure going to be > market crash coming up because at some point he'll have to lay down > his hand and The Street is NOT going to be happy. >
sheesh. Maybe he's even figured a way around that: In a significant shift, White House and Treasury Department officials now say they can stretch what is left of the $700 billion financial bailout fund further than they had expected a few months ago, simply by converting the governments existing loans to the nations 19 biggest banks into common stock. Converting those loans to common shares would turn the federal aid into available capital for a bank and give the government a large ownership stake in return. http://www.nytimes.com/2009/04/20/business/20bailout.html and NEW YORK (Reuters) - Strong banks will be allowed to repay federal bailout funds, but only if such a move passes a test to determine whether it is in the national economic interest, the Financial Times reported on Sunday, citing a senior U.S. administration official. http://www.reuters.com/article/newsOne/idUSTRE53J0372009 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:295464 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
