posted on Jul, 22 2009 @ 02:20 PM
I still think the banks should have failed.
One thing I noticed was regional banks, the ones who aren't 100billion dollar companies -- you know, the kind that you probably have throughout your
state, but nowhere else -- those banks went up in value by quite a bit.
But once the bailout happened, their stock fell significantly.
Investors got the idea right away -- the big institutions that fleece the taxpayer weren't going to go under, and in fact their share prices weren't
bottoming out, they were just on sale.
What ended up happening was many banks have 200%, 300%, 400%, 500%, etc returns in under 3 months. So there was no reason to invest in regional banks