The FINANCIAL BEAR 3X (Public, NYSE:FAZ) is up 12% or 5 points to $44.32 this morning on news that the 'bad bank' plan isn't the best idea after all.
The idea of creating a "bad bank" is unlikely to address the root problem of contracting system capital as simply removing "toxic" assets from bank balance sheets would not cause banks to increase lending, veteran banking analyst Meredith Whitney said.
read more
Related Headlines
- Land a few points with Vonage (VG) sharesposted 598 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Remember Advanced Micro Devices?posted 597 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Thanks to rich people, Sotheby's (BID) will be just fineposted 598 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Sears Holdings Brand and Land Valuesposted 598 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Constar International is backposted 597 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Shoe Pavilion (SHOE) balks the earnings callposted 597 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Priceline.com shares are too Priceyposted 597 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Sirius (SIRI) shareholders dig the XM Satellite mergerposted 597 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Six Flags' Next ride: $1 a share free-fallposted 597 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- E*TRADE gets spanked again, Subprime styleposted 597 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke