Quote:
Originally Posted by Rogue Leader
Does anyone have a source for any of these claims about the bank bailout? I ask because I can find none of these claims in the searching I did. Also I am pretty well read on the bailout and I know there are controls in place to prevent the bailout money to be used for things like excess CEO pay(remember their salary is usually in the $250k-$500k range its the bonuses and stock options where they get into them multi-millions, and taking bailout money means you forgo these things), and buying a chinese bank. I'm not saying it didn't happen, I'm just saying I'm quite skeptical, especially with the claim from GMA, that was just an inference by them backed with no hard facts. Anyone have any credible sources?
|
Here is one for the PNC buyout of National City:
http://news.bbc.co.uk/2/hi/business/7690318.stm
And a quick search yields information that BofA is upping its stake in CCB.
http://www.iht.com/articles/2008/11/...ss/views19.php