Bailout's option to buy bank stock has rough start due to plunging share prices
The government mounted a vigorous defense Friday of its massive bank bailout, responding to an Associated Press analysis showing that stock in the program intended to eventually earn taxpayers a profit has lost almost one-third of its value — nearly $8 billion — in barely one month. Shares in virtually every bank that received federal money have remained below the prices the government negotiated. "We're not day traders, and we're not looking for a return tomorrow," said... Full Story
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