Friday, February 6, 2009

Whops Governements gets .40 on the dollar.

http://www.reuters.com/article/newsOne/idUSTRE5140SN20090206

But the new report provided more details on the methodology and it also concluded that the U.S. government received far less value than private investors did in recent major transactions in the financial sector.

So the investment did not pan out...

The report showed that the Treasury got the worst deal on second-round investments in American International Group for $40 billion and Citigroup for $20 billion under special aid programs tailored for the two institutions.


Worse deal, not a bad deal, the worse deal.

No comments: