Wednesday, October 15, 2008

Bank Investment


The Fed has decided to use 250 billion taxpayer dollars to buy preferred stock in troubled banks. How will they decide which banks will get the money? Here's how: create a Wheel of Fortune to randomly choose different banks each month until all the money is used up. In addition have a lottery where the winner has to pick six banks that will receive the money. This creates a supplemental income for the Treasury Department.

No comments: