JCurve

Andy Kessler: WSJ: Why Markets Dissed the Geithner Plan

Posted on: February 23, 2009

Each taxpayer would get about $100 worth of stock for each $1,000 of taxes paid. Of course, each taxpayer has the ability to sell these shares on the open market, maybe at $40, maybe $20, maybe $80. It depends on management, their vision, how much additional capital they are willing to raise, the dividend they declare, etc. Meanwhile, the toxic assets sitting inside the Treasury will have residual value and the proceeds from their eventual sale, I believe, will more than offset the capital injected. That would benefit all citizens, not the managements and shareholders who blew up the banking system in the first place.

That’s a pretty cool idea from Kessler.

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  • bigsurf: yeah it's really cool.. well i guess you can also come to Singapore as there's a big cosplay thing going on here too!
  • Lasitha Silva: I also like to have a snap with a Star wars character. And I think..I need to be at Tokyo for that. Coz I love to be there too.
  • Mr WordPress: Hi, this is a comment.To delete a comment, just log in, and view the posts' comments, there you will have the option to edit or delete them.

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