Monday, December 22, 2008

Bank Valuations --> Then and Now

Details per Tom Lindmark:
A year ago, ABN (ABN) was purchased by Royal Bank of Scotland (RBS) with some help from Fortis, Santander (STD) and Bank of America (BAC). The purchase price was $100 billion approximately. The chart dismally shows what you could buy today with that money. Once again, the people that should have known what something was worth, what the assets on the balance sheet were truly worth, vastly overpaid. It’s stunning.


Source: The Big Picture