Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: KyrosL who wrote (71695)	12/14/2009 5:50:37 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

Good news that the government will make a bit. Big Ben can call the bottom and buy as much stock, preferred shares, and anything else he fancies using freshly pixelated US$. <Citi not only is returning all TARP funds, but the government is expected to make $13 billion on the Citi rescue effort. It seems the government will be making good money on all bank rescues except AIG and possibly Fannie and Freddie. > Hong Kong did it with the Hang Seng at about 6000 as I recall in 1998. They made a fortune. If the Fed then sells or gets loans repaid, they can do it again next time around, maybe sooner than later. My JPM short is going well so far. Mqurice

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