Related: Toxic Assets Toxic For Taxpayers Only
"Treasury plans quick sale of bank securities" by Robert Schmidt and Rebecca Christie, Bloomberg News | June 27, 2009
WASHINGTON - The guidance signals that policy makers are aiming to speed the withdrawal of the government from the banking industry, rather than attempting to maximize returns for the taxpayers by waiting for share prices to rise.
Related: Slow Saturday: The Definition
And watch, you won't hear about it again.
“The president has clearly stated that his objective is to dispose of the government’s investments in individual companies as quickly as is practicable,’’ the statement said.
Translation: screw you, 'murkns. Thanks for the loot!
Holding the warrants longer offers “no certainty that we would realize higher values, and it was not appropriate for the government to be exercising discretionary judgment on timing market sales,’’ Treasury said....
But you are making money off the whole bailout scam, 'murkn!
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