“Nationalization” of Citi and BofA Inevitable in ’09

Chris Whalen of Institutional Risk Analytics.

via Yahoo Tech Ticker, Feb 18, 2009

“Nationalization” is a poor word to describe the process. “Receivership and restructuring,” along the lines of what the FDIC did with WaMu, is the right way to think about it.

What's been said:

Discussions found on the web:

Posted Under