6

ritholtz.com - 2/20/2009

Favoring Nationalization Are . . .

— ritholtz.com — The list of those people in favor of nationalization, our longstanding recommendation for the biggest banks in... the financial sector, continues to grow. Aside from myself, here are the folks who are in favor of temporarily Nationalizing the banks, ... (more) Favoring Nationalization Are . . .

Government

Comments vote downundo vote up Yahoo! Finance: Tech Ticker found this 2/20/2009found this

4

econbrowser.com - 2/25/2009

The Bernanke rally

— econbrowser.com — Tuesday's stock market rally was pretty impressive. But can the mere words of the Federal Reserve Chair... actually produce a 4% increase in the value of the U.S. capital stock? "Stocks up as Bernanke says recession to end in '09", declared the AP ... (more) The Bernanke rally

Government

Ben Bernanke

Federal Reserve

Comments vote downundo vote up naked capitalism found this 2/25/2009found this

3

bloomberg.com - 2/24/2009

U.S. to Get Bank Ownership Stakes Only as Losses Rise (Update1)

— bloomberg.com — Feb. 24 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the U.S. government’s bank-capitalization plan is... designed to shore up lenders’ common equity only if the economy worsens and creates more losses for financial institutions. The ... (more) U.S. to Get Bank Ownership Stakes Only as Losses Rise ...

Government

Anglo Irish Bank

Ben Bernanke

Comments vote downundo vote up Calculated Risk found this 2/24/2009found this

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Bill Gross says we need to guarantee his holdings
self-evident — ... creditors will do just the opposite. [emphasis added] In other words, we must confiscate your wealth and hand it to people who voluntarily took on risk in the hope of profit.  The unsecured debt — and even the preferred shares! — of every large bank is to be backed by the full faith and credit of the United States. I understand why PIMCO would suggest this.  I do not understand why anybody else would take it seriously. Although apparently Ben Bernanke does. I actually listened to some of his testimony today.  One of the ...