Wednesday, June 2, 2010

Obama chose to give a $41 million job to a foreign bank instead of a US one

6/1/10, Politico: "The German bank (Deutsche Bank) was selected in an open-bidding process to auction the stock options of 11 banks on behalf of the Treasury Department. After the banks repaid their bailout money, Treasury needed to sell the stock options it had been given in exchange for its investments. When Treasury and the banks couldn’t come to terms on a price, Treasury hired Deutsche to auction them off to investors, netting the government at least $3.2 billion.

For its work, Deutsche hauled in a total commission valued at no less than $40.6 million."...via Drudge Report




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