Posted on 07/10/2009 6:21:53 PM PDT by Lorianne
The government could lose out on more than $2.7 billion if federal officials continue to undervalue part of the financial bailout package, a government watchdog panel will say on Friday.
The Congressional Oversight Panel, working with a team of Harvard Business School professors, estimated that taxpayers had lost one-third of the value of the very small number of warrants that had already been sold by the Treasury Department.
(Excerpt) Read more at thehill.com ...
I say multiply that by 50 and we will be getting close.
Only $2.7 Billion? American Taxpayers will be lucky if we escape with the clothes on our backs when all is said and done!
NOTE: This is OUR money, People! OUR money that they’re p*ssing away at an alarming rate!!
“The Congressional Oversight Panel, working with a team of Harvard Business School professors”
....well.......there ya go. The egghead dorks have taken over....
Lose it? Where would it go?
Jamie Dimon - JP Morgan Chase CEO to the US taxpayers. “Thanks alot you suckers!!! How sweet it is make you keep bailing us out and we can dictate the terms. Oh and don’t forget to bank with the strength of Chase!”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.