cashew

Is Nationalization Contagious?

I agree if you nationalize banks you are putiing us into a deep depression you may never pull out of. The Fed's need to go mark to model. institute the uptick rule, create a bank to hold all the toxic crap and if the Fed's bought common shares you would see the market and economy turn upward quickly.


On Jan 23 02:15 PM TPoise wrote:

> The nationalization of ANY major bank would spread instantly throughout
> the financial markets of the world. XLF would be $1/share or less.
>
>
> Nationalization is just a really bad idea. We need to ATTRACT private
> capital so the need is reduced for government money. However, not
> many people are willing to pile money into a bank right now knowing
> that their preferred shares or common will get wiped out just like
> TPG did with WaMu in 2008.