Home › Forums › Financial Markets/Economics › Fed to take ownership interests in banks › Hmm … Paulson and co.
Hmm … Paulson and co. forced all 4 monster banks – C, WFC, JPM, and BAC – to take $25B “injections” so that the weak bank would not be singled out.
Let’s see now:
WFC has positive earnings and swallowed all of WB without an FDIC backstop.
BAC has positive earnings and swallowed both CFC and MER.
JPM has positive earning and swallowed BSC (admittedly with the Fed’s backstop) and WM (minus WM debt.)
C has negative earnings.
Now which bank was Paulson trying to protect? Maybe Sen. Schumer could help us out with this one.
One of these banks is not like the others …
