https://freerepublic.com/tag/savethebillionaires/ en-us Fri, 30 Jan 2009 06:24:20 GMT Focus Forum 15 https://freerepublic.com/focus/f-news/2174780/posts But do the math, and you can begin to understand how really botched this bailout has been. Since October, the government has deposited $165 billion into the accounts of the nation's eight largest banks. Yet those same financial firms are now worth $418 billion less than they were four months ago, and the Congressional Budget Office estimates that the government's preferred shares are worth at least $20 billion less. In Wall Street terms, that's throwing good money after bad. All told, the government's annualized rate of return on its investment in the nation's largest banks is -1,096%. That's well beyond... Time https://freerepublic.com/focus/f-news/2174780/posts#comment Fri, 30 Jan 2009 06:24:20 GMT