i saw that. i wonder if that's why the market is down today. On 4/19/09, Gruss Gott <[email protected]> wrote: > >> 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 > >
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