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Home › Forums › Housing › Bush administration sees 4000-point drop in DOW this week if no bailout › esmith wrote:Ok, there’s no

September 30, 2008 at 4:09 PM #278535
patientlywaiting
Participant

[quote=esmith]Ok, there’s no bailout.

Where’s my 4000-point drop??[/quote]

Yeah, where’s my 4000 point drop.

Why can the gov’t not recapitalize the banks through equity purchases rather than a money give-away?

Answer: that would dilute the ownership interests of existing shareholders.

So the banks want a bailout but they want us to pay for it.