Wednesday, February 18, 2009

 

Analyst: "Nationalization" of Citi and BofA Inevitable in '09

In the past few months, an increasing number of economists have become convinced that the best "fix" for the banking system is a government takeover and restructuring of companies like Citigroup. And some voices in the government are finally supporting this idea.

Over the weekend, Senator Lindsey Graham said he thought "nationalization" has to be considered, because he doesn't want to throw good money after bad...

Yahoo Finance: Analyst: "Nationalization" of Citi and BofA Inevitable in '09

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