Posts Tagged ‘market capitalization’

What’s Ken Lewis Whining About?

Saturday, February 21, 2009 13:50 6 Comments

Amid growing rumors of bank nationalization, which the WSJ and Dow Jones attribute to ChartingStocks.net, the great wealth destroying CEO of Bank of America felt obliged to give an emergency interview  yesterday to play down talks of government takeover.
“When you talk about nationalization of Bank of America, it becomes absurd. What it appears to [...]

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The Bank Swindle: Putting it in Perspective

Saturday, February 14, 2009 19:23 2 Comments

The US government has given Citigroup $45 billion in direct cash injections while guaranteeing another $291 billion of the banks toxic (worthless) assets. Citi’s cost to the taxpayer now totals $336 billion.
Think you over paid? You did. The entire market capitalization of Citigroup is only $19 billion which means that anyone can buy the entire [...]

This was posted under category: BAC, Bailout, C, Federal Reserve, Special Reports Tags: , , , , , , , , , , , , , ,
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