[lbo-talk] guess 40% doesn't count as nationalization

Charles Brown cdb1003 at prodigy.net
Mon Feb 23 05:43:03 PST 2009


Doug Henwood wrote:


> Wall Street Journal - February 23, 2009
>
> U.S. Eyes Large Stake in Citi
> Taxpayers Could Own Up to 40% of Bank's Common Stock, Diluting Value
> of Shares

This on the day after the NYTimes editorially called for the nationalization of the biggest banks and the firing of all their top executives!

Shane Mage

^^^^^^ CB: Yesterday, somebody told me that the chair of Bank of America had been indicted for misuse of TARP funds ?



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