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Comment on U.S. Treasury Said to Invest in Nine Major U.S. Banks

Comments

US taxpayers should now own ($/MktCap):

19% of Citibank 25B 85B 17% of JP Morgan Chase 25B 144B 13% of Bank of America 10B (+5B) 114B 15% of Wells Fargo 10B (+5B) 100B 23% of Goldman Sachs 10B 43B 52% of Morgan Stanley 10B 19B

It sure is a lot better than owning 100% of "toxic assets" (you can thank UK/Europe for pushing that.) But still looks quite wrong, doesn't it?

http://news.bbc.co.uk/1/hi/business/7644238.stm http://en.wikipedia.org/wiki/List_of_countries_by_external_d...

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