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Description: |
Mark Hanes and Erin Barnett interview Peter Boockvar, who is skeptical of the current market solution, involving bank mismanagement and current administrations more...(Sep 2008), economic policy. ...which appears to be privatize corporate gains and socialize the losses.
Boockvar expresses genuine concern about dividends paid out to shareholders and share buyback plans. These things may have occurred or may have been enacted just before asking for Government (or tax-payer base), to help banks and lending institutions become more liquid.
Sort of a buyer beware warning, if they are asking for funds to pay dividends and enact share buy back plans, while offloading their bad debt on tax payer base. less
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