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As a taxpayer, I find it a little

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Porgie Tirebiter Member Level  Saturday, 05/12/12 10:12:53 AM
Re: edlaws post# 7850
Post # of 8123 
As a taxpayer, I find it a little irksome that the U.S. Treasury is marketing those shares at such an enormous discount to book ($58 and change). I would think the Treasury could do a lot better than that.

The fact that they could unload all those shares for $30.50 to subscribers on a Sunday evening, and then have them trading at $32 within 48 hours on the secondary market is an indication that the Treasury, while they might be making a profit, is not getting as much as they could be getting.

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