Do you, or anyone else, have a description of what the bailout money has been spent on thus far?
Most of what has been used was to purchase Preferred Stock in Banks, to give instant liquidity, but NO BOARD SEATS OR VOTES in bank were taken. Stock was purchased just as if you or I purchased it...no nationalism if no vote or representation on board from government. It was from Paulson that this was said at a news briefing early on after the Preferred Stock purchases.
Note to lurkers:
Please don’t write me cause I don’t give a rat’s rear what you think unless you are person the comment is addressed to, I’m just giving facts..not opinion. I am tired of stupid comments on my comments. Write Paulson or someone who cares.