Friday, December 12, 2008

Bailout Bill Going For Buybacks

You just bought back your own losses, taxpayers. What do you think that bailout money was for, mortgages?

"Banks to buy back $30b in securities" by Bloomberg News | December 12, 2008

WASHINGTON - Citigroup Inc. and UBS AG yesterday agreed to buy back a total of nearly $30 billion in risky auction-rate securities regulators said the banks marketed to customers as safe....

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