Sep 23, 2008

I get e-mail about buying banks

No, not the Nigerian bank; my spam filters catch those. But I got this interesting e-mail about what the government could do with $700 billion and have a few billion left over:
I did the math and discovered it would be cheaper for the government to simply buy all the major players in the industry based market prices as of 3:00 today. See below:

Financial Institution Market Cap
Wachovia Bank $36.00 Billion
Citi $109.00 Billion
Morgan Stanley $31.00 Billion
Merrill Lynch $42.00 Billion
Goldman Sachs $49.00 Billion
Lehman Brothers $0.13 Billion
JPMorgan $147.00 Billion
Bank of America $160.00 Billion
Washington Mutual $6.00 Billion
Wells Fargo $115.00 Billion
Total $695.13 Billion
Note: "Today" as mentioned in the e-mail means yesterday, September 22.

3 comments:

Victoria said...

http://distributedrepublic.net/archives/2008/09/22/request-for-urgent-confidential-business-relationship

THIS IS A MATTER OF GREAT URGENCY

bullfighter said...

LOL

If Paulson is Secretary of Spam, will the next VP be into commercial phishing?

Victoria said...

You are a very punny man.

http://www.ebolamonkeyman.com/Ablert_Fred1.html