"As Nocera explains, the plan announced October 13 by Treasury Secretary Henry Paulson to hand over $250 billion in taxpayer money to the biggest banks, in exchange for non-voting stock, was never really intended to get them to resume lending to businesses and consumers--the ostensible purpose of the bailout. Its essential aim was to engineer a rapid consolidation of the American banking system by subsidizing a wave of takeovers of smaller financial firms by the most powerful banks."
http://www.informationclearinghouse.info/article21116.htm
Some interesting information on maybe why the bailout didn't actually work / was never intended too
learning words for your brainmush.
enjoy :]
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