And then , of course, just as I say the administration is probably going to play it safe until after the stress testing has finished they send out a stern warning. Here’s the New York Times story: Latest Plan Could Give U.S. a Voting Stake in Banks So the nationalization saga continues. The cloud of […]

First take a quick look at this news item from Market Watch: U.S. pledges to provide ‘capital buffer’ for banks It seems as if the administration is saying everything it possibly can to calm the stock markets down and allay fears of nationalization. The Capital Assistance Program is apparently being put forward as a source […]

All the chatter in the market this morning is about relief over the ebbing of fears of nationalization. At the end of last week and through the Sunday ‘punditry’ shows the drum beat for nationalization was growing. The culmination of this was the odd sight of George Will and Paul Krugman pretty much agreeing that […]