On Thu, Sep 18, 2008 at 10:27 AM, Jim Devine <[EMAIL PROTECTED]> wrote:
> by the way, here's a mystery: if the financial capitalists are so > politically strong, why is it that equity-holders (in Bear Stearns, > AIG, etc.) don't get bailed out? > I think equity holders are convenient scapegoats to give the appearance that someone is taking a "haircut" in the bailout. Also equity holders in the recent transactions (FAN, FRE and AIG) have been diluted not wiped out. They still have a residual option value. -raghu. -- "Really ?? What a coincidence, I'm shallow too!!"
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