http://www.thestandard.com/node/127036/comments comments feed. en A nationalized bank announced by April 30 2009? http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009 <p> <p> </p> <p>The Senate's Banking, Housing, and Urban Affairs committee chairman <a href="http://latimesblogs.latimes.com/money_co/2009/02/banks-nationali.html">Christopher Dodd (D - Conn.) said that some banks may need to be nationalized</a> in order to save them. Senator Dodd told Bloomberg TV, "I don’t welcome that at all, but I could see how it’s possible it may happen. I’m concerned that we may end up having to do that, at least for a short time.”</p> <p>His comments sent Wall Street spiralling and bank stocks for <a href="http://finance.yahoo.com/q?s=BAC">Bank of America (BAC) dropping 11% to $3.48</a> and <a href="http://finance.yahoo.com/q?s=C">Citigroup (C) down 20% to $2</a> in late-afternoon trading on Feb. 20. And analysts say a takeover of Bank of America or Citi from the federal government would <a href="http://www.nytimes.com/2009/02/21/business/economy/21markets.html?partner=rss&emc=rss">basically wipe out current shareholders of those banks</a>. </p> <p> BofA CEO Ken Lewis had told CNBC in early February that nationalizing banks, even temporarily, was <a href="http://www.cnbc.com/id/29054289">"not even a remote possibility."</a> </p> <p><b>Prediction:</b> An announcement that at least one major U.S. bank will be nationalized by April 30, 2009.</p> <p>Image: <a href="http://www.flickr.com/photos/thetruthabout/2719810967/">Thetruthabout</a>/Flickr</p> http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009#comments AIG bailout package Barack Obama Business & Finance co: bank of america co: citigroup financial crisis nationalized bank people: chris dodds stimulus plan tim geithner Wall Street Fri, 20 Feb 2009 14:05:31 -0500 Yi-Wyn Yen 127036 at http://www.thestandard.com A nationalized bank announced by April 30 2009? http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009 <p> <p> </p> <p>The Senate's Banking, Housing, and Urban Affairs committee chairman <a href="http://latimesblogs.latimes.com/money_co/2009/02/banks-nationali.html">Christopher Dodd (D - Conn.) said that some banks may need to be nationalized</a> in order to save them. Senator Dodd told Bloomberg TV, "I don’t welcome that at all, but I could see how it’s possible it may happen. I’m concerned that we may end up having to do that, at least for a short time.”</p> <p>His comments sent Wall Street spiralling and bank stocks for <a href="http://finance.yahoo.com/q?s=BAC">Bank of America (BAC) dropping 11% to $3.48</a> and <a href="http://finance.yahoo.com/q?s=C">Citigroup (C) down 20% to $2</a> in late-afternoon trading on Feb. 20. And analysts say a takeover of Bank of America or Citi from the federal government would <a href="http://www.nytimes.com/2009/02/21/business/economy/21markets.html?partner=rss&emc=rss">basically wipe out current shareholders of those banks</a>. </p> <p> BofA CEO Ken Lewis had told CNBC in early February that nationalizing banks, even temporarily, was <a href="http://www.cnbc.com/id/29054289">"not even a remote possibility."</a> </p> <p><b>Prediction:</b> An announcement that at least one major U.S. bank will be nationalized by April 30, 2009.</p> <p>Image: <a href="http://www.flickr.com/photos/thetruthabout/2719810967/">Thetruthabout</a>/Flickr</p> http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009#comments AIG bailout package Barack Obama Business & Finance co: bank of america co: citigroup financial crisis nationalized bank people: chris dodds stimulus plan tim geithner Wall Street Fri, 20 Feb 2009 14:05:31 -0500 Yi-Wyn Yen 127036 at http://www.thestandard.com A nationalized bank announced by April 30 2009? http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009 <p> <p> </p> <p>The Senate's Banking, Housing, and Urban Affairs committee chairman <a href="http://latimesblogs.latimes.com/money_co/2009/02/banks-nationali.html">Christopher Dodd (D - Conn.) said that some banks may need to be nationalized</a> in order to save them. Senator Dodd told Bloomberg TV, "I don’t welcome that at all, but I could see how it’s possible it may happen. I’m concerned that we may end up having to do that, at least for a short time.”</p> <p>His comments sent Wall Street spiralling and bank stocks for <a href="http://finance.yahoo.com/q?s=BAC">Bank of America (BAC) dropping 11% to $3.48</a> and <a href="http://finance.yahoo.com/q?s=C">Citigroup (C) down 20% to $2</a> in late-afternoon trading on Feb. 20. And analysts say a takeover of Bank of America or Citi from the federal government would <a href="http://www.nytimes.com/2009/02/21/business/economy/21markets.html?partner=rss&emc=rss">basically wipe out current shareholders of those banks</a>. </p> <p> BofA CEO Ken Lewis had told CNBC in early February that nationalizing banks, even temporarily, was <a href="http://www.cnbc.com/id/29054289">"not even a remote possibility."</a> </p> <p><b>Prediction:</b> An announcement that at least one major U.S. bank will be nationalized by April 30, 2009.</p> <p>Image: <a href="http://www.flickr.com/photos/thetruthabout/2719810967/">Thetruthabout</a>/Flickr</p> http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009#comments AIG bailout package Barack Obama Business & Finance co: bank of america co: citigroup financial crisis nationalized bank people: chris dodds stimulus plan tim geithner Wall Street Fri, 20 Feb 2009 14:05:31 -0500 Yi-Wyn Yen 127036 at http://www.thestandard.com A nationalized bank announced by April 30 2009? http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009 <p> <p> </p> <p>The Senate's Banking, Housing, and Urban Affairs committee chairman <a href="http://latimesblogs.latimes.com/money_co/2009/02/banks-nationali.html">Christopher Dodd (D - Conn.) said that some banks may need to be nationalized</a> in order to save them. Senator Dodd told Bloomberg TV, "I don’t welcome that at all, but I could see how it’s possible it may happen. I’m concerned that we may end up having to do that, at least for a short time.”</p> <p>His comments sent Wall Street spiralling and bank stocks for <a href="http://finance.yahoo.com/q?s=BAC">Bank of America (BAC) dropping 11% to $3.48</a> and <a href="http://finance.yahoo.com/q?s=C">Citigroup (C) down 20% to $2</a> in late-afternoon trading on Feb. 20. And analysts say a takeover of Bank of America or Citi from the federal government would <a href="http://www.nytimes.com/2009/02/21/business/economy/21markets.html?partner=rss&emc=rss">basically wipe out current shareholders of those banks</a>. </p> <p> BofA CEO Ken Lewis had told CNBC in early February that nationalizing banks, even temporarily, was <a href="http://www.cnbc.com/id/29054289">"not even a remote possibility."</a> </p> <p><b>Prediction:</b> An announcement that at least one major U.S. bank will be nationalized by April 30, 2009.</p> <p>Image: <a href="http://www.flickr.com/photos/thetruthabout/2719810967/">Thetruthabout</a>/Flickr</p> http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009#comments AIG bailout package Barack Obama Business & Finance co: bank of america co: citigroup financial crisis nationalized bank people: chris dodds stimulus plan tim geithner Wall Street Fri, 20 Feb 2009 14:05:31 -0500 Yi-Wyn Yen 127036 at http://www.thestandard.com A nationalized bank announced by April 30 2009? http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009 <p> <p> </p> <p>The Senate's Banking, Housing, and Urban Affairs committee chairman <a href="http://latimesblogs.latimes.com/money_co/2009/02/banks-nationali.html">Christopher Dodd (D - Conn.) said that some banks may need to be nationalized</a> in order to save them. Senator Dodd told Bloomberg TV, "I don’t welcome that at all, but I could see how it’s possible it may happen. I’m concerned that we may end up having to do that, at least for a short time.”</p> <p>His comments sent Wall Street spiralling and bank stocks for <a href="http://finance.yahoo.com/q?s=BAC">Bank of America (BAC) dropping 11% to $3.48</a> and <a href="http://finance.yahoo.com/q?s=C">Citigroup (C) down 20% to $2</a> in late-afternoon trading on Feb. 20. And analysts say a takeover of Bank of America or Citi from the federal government would <a href="http://www.nytimes.com/2009/02/21/business/economy/21markets.html?partner=rss&emc=rss">basically wipe out current shareholders of those banks</a>. </p> <p> BofA CEO Ken Lewis had told CNBC in early February that nationalizing banks, even temporarily, was <a href="http://www.cnbc.com/id/29054289">"not even a remote possibility."</a> </p> <p><b>Prediction:</b> An announcement that at least one major U.S. bank will be nationalized by April 30, 2009.</p> <p>Image: <a href="http://www.flickr.com/photos/thetruthabout/2719810967/">Thetruthabout</a>/Flickr</p> http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009#comments AIG bailout package Barack Obama Business & Finance co: bank of america co: citigroup financial crisis nationalized bank people: chris dodds stimulus plan tim geithner Wall Street Fri, 20 Feb 2009 14:05:31 -0500 Yi-Wyn Yen 127036 at http://www.thestandard.com A nationalized bank announced by April 30 2009? http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009 <p> <p> </p> <p>The Senate's Banking, Housing, and Urban Affairs committee chairman <a href="http://latimesblogs.latimes.com/money_co/2009/02/banks-nationali.html">Christopher Dodd (D - Conn.) said that some banks may need to be nationalized</a> in order to save them. Senator Dodd told Bloomberg TV, "I don’t welcome that at all, but I could see how it’s possible it may happen. I’m concerned that we may end up having to do that, at least for a short time.”</p> <p>His comments sent Wall Street spiralling and bank stocks for <a href="http://finance.yahoo.com/q?s=BAC">Bank of America (BAC) dropping 11% to $3.48</a> and <a href="http://finance.yahoo.com/q?s=C">Citigroup (C) down 20% to $2</a> in late-afternoon trading on Feb. 20. And analysts say a takeover of Bank of America or Citi from the federal government would <a href="http://www.nytimes.com/2009/02/21/business/economy/21markets.html?partner=rss&emc=rss">basically wipe out current shareholders of those banks</a>. </p> <p> BofA CEO Ken Lewis had told CNBC in early February that nationalizing banks, even temporarily, was <a href="http://www.cnbc.com/id/29054289">"not even a remote possibility."</a> </p> <p><b>Prediction:</b> An announcement that at least one major U.S. bank will be nationalized by April 30, 2009.</p> <p>Image: <a href="http://www.flickr.com/photos/thetruthabout/2719810967/">Thetruthabout</a>/Flickr</p> http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009#comments AIG bailout package Barack Obama Business & Finance co: bank of america co: citigroup financial crisis nationalized bank people: chris dodds stimulus plan tim geithner Wall Street Fri, 20 Feb 2009 14:05:31 -0500 Yi-Wyn Yen 127036 at http://www.thestandard.com A nationalized bank announced by April 30 2009? http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009 <p> <p> </p> <p>The Senate's Banking, Housing, and Urban Affairs committee chairman <a href="http://latimesblogs.latimes.com/money_co/2009/02/banks-nationali.html">Christopher Dodd (D - Conn.) said that some banks may need to be nationalized</a> in order to save them. Senator Dodd told Bloomberg TV, "I don’t welcome that at all, but I could see how it’s possible it may happen. I’m concerned that we may end up having to do that, at least for a short time.”</p> <p>His comments sent Wall Street spiralling and bank stocks for <a href="http://finance.yahoo.com/q?s=BAC">Bank of America (BAC) dropping 11% to $3.48</a> and <a href="http://finance.yahoo.com/q?s=C">Citigroup (C) down 20% to $2</a> in late-afternoon trading on Feb. 20. And analysts say a takeover of Bank of America or Citi from the federal government would <a href="http://www.nytimes.com/2009/02/21/business/economy/21markets.html?partner=rss&emc=rss">basically wipe out current shareholders of those banks</a>. </p> <p> BofA CEO Ken Lewis had told CNBC in early February that nationalizing banks, even temporarily, was <a href="http://www.cnbc.com/id/29054289">"not even a remote possibility."</a> </p> <p><b>Prediction:</b> An announcement that at least one major U.S. bank will be nationalized by April 30, 2009.</p> <p>Image: <a href="http://www.flickr.com/photos/thetruthabout/2719810967/">Thetruthabout</a>/Flickr</p> http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009#comments AIG bailout package Barack Obama Business & Finance co: bank of america co: citigroup financial crisis nationalized bank people: chris dodds stimulus plan tim geithner Wall Street Fri, 20 Feb 2009 14:05:31 -0500 Yi-Wyn Yen 127036 at http://www.thestandard.com A nationalized bank announced by April 30 2009? http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009 <p> <p> </p> <p>The Senate's Banking, Housing, and Urban Affairs committee chairman <a href="http://latimesblogs.latimes.com/money_co/2009/02/banks-nationali.html">Christopher Dodd (D - Conn.) said that some banks may need to be nationalized</a> in order to save them. Senator Dodd told Bloomberg TV, "I don’t welcome that at all, but I could see how it’s possible it may happen. I’m concerned that we may end up having to do that, at least for a short time.”</p> <p>His comments sent Wall Street spiralling and bank stocks for <a href="http://finance.yahoo.com/q?s=BAC">Bank of America (BAC) dropping 11% to $3.48</a> and <a href="http://finance.yahoo.com/q?s=C">Citigroup (C) down 20% to $2</a> in late-afternoon trading on Feb. 20. And analysts say a takeover of Bank of America or Citi from the federal government would <a href="http://www.nytimes.com/2009/02/21/business/economy/21markets.html?partner=rss&emc=rss">basically wipe out current shareholders of those banks</a>. </p> <p> BofA CEO Ken Lewis had told CNBC in early February that nationalizing banks, even temporarily, was <a href="http://www.cnbc.com/id/29054289">"not even a remote possibility."</a> </p> <p><b>Prediction:</b> An announcement that at least one major U.S. bank will be nationalized by April 30, 2009.</p> <p>Image: <a href="http://www.flickr.com/photos/thetruthabout/2719810967/">Thetruthabout</a>/Flickr</p> http://www.thestandard.com/predictions/nationalized-bank-announced-april-2009#comments AIG bailout package Barack Obama Business & Finance co: bank of america co: citigroup financial crisis nationalized bank people: chris dodds stimulus plan tim geithner Wall Street Fri, 20 Feb 2009 14:05:31 -0500 Yi-Wyn Yen 127036 at http://www.thestandard.com