10 ms·

I agree, but the basic element (government money for stock) is still pretty progressive. And don't stocks involve valuation bidding among investors?

• mdasen 18y ago
  Not in this case. There is no valuation bidding. The government just set a rate without regard to the value of the companies individually or what the companies would be willing to relinquish for the capital.
  • robg 18y ago
    Right. I agree on that point. Still, the inclusion of stock for government cash is a clear progressive step along those lines. Government may not know the true value of the banks, and their assets, but the stock market will ensure they get a return based on valuation bidding.