Results 1 to 5 of 5

Thread: Interesting Wall Street Activity

  1. #1
    Olympic Champ RYou's Avatar
    Join Date
    Mar 2007
    Location
    New Jersey
    Posts
    8,376

    Default Interesting Wall Street Activity

    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.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  2. #2

    Default Re: Interesting Wall Street Activity

    Is this from another email?
    Your ignorance is painful to witness.....

  3. #3
    Olympic Champ RYou's Avatar
    Join Date
    Mar 2007
    Location
    New Jersey
    Posts
    8,376

    Default Re: Interesting Wall Street Activity

    Nope - true news
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  4. #4
    World Champ ODH's Avatar
    Join Date
    Apr 2007
    Location
    New Hampshire
    Posts
    3,968

    Default Re: Interesting Wall Street Activity

    Quote Originally Posted by RYou View Post
    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.
    That profit would be purely on paper.
    you know that the government could not cash out without causing the stock prices to tank.

    Personally, I think they made the right move with the loan.

  5. #5
    Olympic Champ RYou's Avatar
    Join Date
    Mar 2007
    Location
    New Jersey
    Posts
    8,376

    Default Re: Interesting Wall Street Activity

    New report by the US Inspector General is out and criticizes Obama for the value of business loans, says he taking the US economy down a treacherous path. The crux, mixing public funds with private business is not a good thing to do.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •