U.S. Treasury Said to Invest in Nine Major U.S. Banks

US taxpayers should now own ($/MktCap):<p>19% of Citibank 25B 85B 17% of JP Morgan Chase 25B 144B 13% of Bank of America 10B (+5B) 114B 15% of Wells Fargo 10B (+5B) 100B 23% of Goldman Sachs 10B 43B 52% of Morgan Stanley 10B 19B<p>It sure is a lot better than owning 100% of "toxic assets" (you can thank UK/Europe for pushing that.) But still looks quite wrong, doesn't it?<p><a href="http://news.bbc.co.uk/1/hi/business/7644238.stm" rel="nofollow">http://news.bbc.co.uk/1/hi/business/7644238.stm</a> <a href="http://en.wikipedia.org/wiki/List_of_countries_by_external_debt" rel="nofollow">http://en.wikipedia.org/wiki/List_of_countries_by_external_d...</a>

So Keynesianism is back (arguably it never went away.)<p>Well, if big governments can spend hundreds of billions on saving banks maybe they can drop some change (a tenth of that sum) on health, modernization, and infrastructure.<p>And ideally a thousandth of that sum on making who was responsible for this scam go to jail.