Friday, December 5, 2008

Breaking news: Government has lost money.

I know it is hard to believe, but breath deep and we'll try to get through the shock. Remember all those times the government bailed out a company and its stock jumped 25%? Here's how those stocks have performed since their bailout:
I like the leading line in the AP report:

  • Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value — about $9 billion — in barely one month, according to an Associated Press analysis.

No comments: