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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 companie
by 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 agoRight. 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.