I can easily envision the government requiring more upside than they have to date, the question is whether they wipe out existing shareholders (any more than they already have been, that is - not everyone bought at the levels I did).
I think even Ms. Pelosi doesn't think they will:
And I doubt the relevant voices in the Administration are to the left of her.
FWIW, the market reaction to the Sunday comments seems to be on my side. BAC is up over 8%, Citi up over 4, while the S&P is up only 1.75%
Having said all that, I may well be wrong. If you're confident that I am, you could always take the other side of the bet.
I think even Ms. Pelosi doesn't think they will:
“I’m not talking about total ownership,” she quickly cautioned...
And I doubt the relevant voices in the Administration are to the left of her.
FWIW, the market reaction to the Sunday comments seems to be on my side. BAC is up over 8%, Citi up over 4, while the S&P is up only 1.75%
Having said all that, I may well be wrong. If you're confident that I am, you could always take the other side of the bet.