Winners, Losers and Bailouts

I caught this little gem buried in the financial news today: http://www.thestreet.com/_yahoo/story/10557139/1/american-express-repurchases-bailout-warrants.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

None of this has been reported much in the media, but the US Federal Government has very quietly turned a tidy profit on all that money they used to “bailout” the banks. This story is just the latest. Don’t‘ be surprised if we hear the same thing about the Ontario Provincial Government in about 5 years regarding the shares it received for a certain (cough GM cough) automaker.

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