Over the past 6 weeks the stock values for banks have soared 100, 200, even 300%.
Now the feds say they want to convert their "loans" to common stock. I wonder why? Do they think they missed an opportunity to recover value? If a $5,000,000,000 loan extended in Feb had been a purchase of common stock, the taxpayers may have profited $10,000,000,000 in growth.
Within hours of the suggestion, the stock value of banks tank.