Vetting Uncle Sam Inc, Wall Street's new top dog in crisis
China Daily | Updated: 2008-10-31 08:08
Now that American taxpayers have committed hundreds of billions of dollars to save the banking system, it's appropriate to assess what they're getting for their investment.
A prospectus for Uncle Sam Inc securities would list three areas of potential profit and loss.
Uncle Sam is acquiring a stake in the entire US banking industry. By the end of the year it will have invested $250 billion in preferred shares of banks around the country.
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