Monday, June 11, 2012

Government Yard Sale

The US government is selling its stake in banks semi-nationalized during the financial crisis.

The number of banks is never clear until is time to sell. The stakes are parked in no less than 343 banks.

Geithner was nicknamed eHarmony during the turmoil due to his relentless matching and pairing of banks. It seems there was a lot more matching and nationalizing than was first disclosed.