Missmarketcrash herself will now be able to personally guarantee to you that Bank of America and Citigroup will not be nationalized. Why?
From the Marketwatch website comes the following:
"Bernanke refuted notions that the conversion program would lead to nationalization. He said that as long as there were some private shareholders in the biggest banks, any government investments in the banks would not constitute nationalization".
I knew there was a reason I still had those shares...I can now save you all from the N word.
2 comments:
As soon as the government has a big enough controlling percentage, they will in fact if not name, be nationalized.
yes i was being glib...as usual....semantics are such fun!
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