Tuesday, January 20, 2009
More Proof: We (Tax-payers) Are Suckers
Please click the above chart to expand.
I know this chart is getting boring, but it speaks volumes. Once again, it tracks the amount of TARP funds certain companies have received (in return for 5% preferred stock) and the current market capitalization of those companies. The ratio is a gauge of how risky the government's bet (i.e. YOUR BET) is. The higher the ratio, the less likely WE are of getting our money back.
The market capitalization is the value at which the stock market is pricing the entire company. Sublime.
Posted by MK at 7:46 PM