Treasury Overpaid for Bank Assets in Bailout, Oversight Panel Says
The Bush administration received assets that were worth $78 billion less than the amount it invested as part of the massive infusion of capital into the country's banks, congressional investigators have found.
The investigators concluded that the Treasury under the federal bailout had invested $254 billion into companies but the preferred stock it got in return had a market value at the time of only $176 billion, or 69 percent of what the government paid, according to a congressional oversight panel report scheduled to be released today.
I think I just puked in my mouth...
Thursday, February 5, 2009
78 000 000 000
Geplaatst door RamsesVI op 8:49 PM
Labels: 78 000 000 000
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment