On the political show This week with George Stephanopoulos the senators said that they are open to the idea of nationalizing the banks. We are in big trouble! I own this from national city - I should have sold at 50.
Relax. The republicans are going to keep talking about nationalizing to spook the markets and make thing harder for Obama. It's a dirty game by the republicans. The Obama Adminstration will not nationalize the banks. It is not in their interest to do so. They are dealing with FMN and fredie MAC. They are going to work things out, but it will get ugly.