Once upon a time.
Reader comment on: Bloomberg on Banks
Submitted by Lyle (United States), Jun 19, 2012 16:53
Before 1913 stockholders of National Banks (with an OCC charter) could be assessed an additional amount equal to the par value of the shares. One could re-invent this scheme where bank stock is no longer fully paid and non-assessable. Of course it would be interesting to see who would be foolish enough to buy the stock. (But then names participate at LLyods and many have been wiped out). I know I would sell all bank stock.
Note: Comments are moderated by the editor and are subject to editing.
Submit a comment on this article
Other reader comments on this item
Comment on this item