From The Comments Section "Of Coal Mines & Canaries"
Still Life Living, who wrote the original post, observed:
It is interesting how we Americans recently poured $140 billion into Citibank ($50 billion cash and the rest thru off-balance sheet Fed incentives, loans, and cash infusions), and the market cap today is only $19.35 billion!Where did that 150 billion go? At this point, no one knows, but that's a shit-load of money, 7 or 8 times the total worth. Far cheaper to buy their ass, buy all their assets. And what are they building in there, between 10-K reporting deadlines? I don't know, but Tom Waits and I will tell you one thing: they're not building swing-sets for the children. It would be much cheaper to buy the truth than to keep paying off our captors.
God bless America. Where else could such a ruse be pulled off? Why didn't the US just buy all of the outstanding shares at market prices and go forward with a truth commission like investigation? Once we own the company, we own the history. Then we can prosecute and maybe seize assets and get our money back.
Halliburton has a market cap of $16.4 billion. I think the USA should buy it so we can own the history and start prosecutions.