Comment

Overnight Hope-a-Dope

713
3 wood1/25/2009 7:19:31 am PST

Good morning.

I think the banks will be fully nationalized shortly.
BARACK’S BANK BET
OBAMA’S ECONOMIC TEAM EYEING ITS OPTIONS

The heat is on the Obama Administration.

Congressional leaders are pressing the White House to come up with a plan as soon as this week to save the banks and jumpstart the economy.

As the Obama economic team huddles this weekend in an attempt to hammer out the framework of their plan, three options have been bandied about:

* Nationalizing the banks.

* Creating a government-owned “bad bank” to take the toxic assets off of the bank’s balance sheet.

* Continuing the Bush Administration rescue plan of pumping in taxpayer money on an as-needed basis.