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Strategies & Market Trends : John Pitera's Market Laboratory
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To: zigzagman who wrote (11415)1/20/2009 9:22:27 PM
From: Stoctrash  Read Replies (2) of 33421
 
<<The bank involved reopens the next morning on the stock exchange with its new stockholders. The old stockholders are extinguished - they get nothing. The liabilities are greatly reduced, the capital structure reorganized, the bank has a strong capital position and is now financially sound.

Zero taxpayer dollars are involved. The losses are borne by those who intentionally invested in an asset that might (and now did) lose value, including a possible loss of all value.
>>

...and we open at Dow 3000 & SPX 300.
I'm ready for it, but who else is?
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