Bloomberg shows the attached chart on performance of banks in which the Govt. has bought in through TARP. They have lost 4 times more than the S&P.
How far will the fed go in its bailout?
Surreal, Dilbertesque.
2 comments:
Anonymous
said...
this title is misleading machi... its more like...the S&P 500 financials has lost 4 times d money lost by S&P 500 (its d financial sector which is facing the heat more than others...got nothing to do with govt. funding)
Bloomberg shows the attached chart on performance of banks in which the Govt. has bought in through TARP. They have lost 4 times more than the S&P.
2 comments:
this title is misleading machi...
its more like...the S&P 500 financials has lost 4 times d money lost by S&P 500 (its d financial sector which is facing the heat more than others...got nothing to do with govt. funding)
@ Jiten
S&P financial s comprises almost every one who has taken money :D
And thats the fun part, money aint making no difference. going going and its gone.
Somebody made the bonuses.
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