Thursday, January 22, 2009

Banking Bailouts

Let's take a page out of the Abu Dhabi playbook with any further capital infusions... any money we put into the banks gets us, the taxpayers, stock at a set price. Any time between now and, say, a year from now - that the banks need further capital, all money we previously gave them converts to stock at whatever the new lower stock price is retroactively. Our ownership increases as they fail without any additional cash outlays on our part.

Genius negotiations by the Middle East on this one.

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