The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: DebtBomb who wrote (179924)	1/27/2009 10:42:57 AM
From: Smiling Bob	Read Replies (1) of 306849

Pelosi, the bankers' concubine, says no. --- Financials rise, Pelosi resists bank nationalization idea By Greg Morcroft Last update: 9:43 a.m. EST Jan. 26, 2009 NEW YORK (MarketWatch) -- U.S. financial stocks drifted higher on Monday morning as anxiety about possible nationalization of some big banks waned a bit after comments from the Speaker of the House over the weekend. House of Representatives Speaker Nancy Pelosi resisted the notion that the government would nationalize some banks during an interview Sunday on ABC's "This Week. " But when asked whether more funds would be needed above those already approved for the TARP, she said that "some increased investment" in return for equity might be necessary. Big banks like Bank of America (BAC bank of america corporation com JPM) all rose. The Financial Select Sector SPDR, an ETF that tracks the financial stocks in the S&P 500, rose 2%. End of Story

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