Bank Nationalization Video & Audio

“…good because he would likely the optics of national I think the banks to use your term he didn't want to nationalize the banks that's not part consistent with his political -- …”

“…prime minister of Great Britain comes up with a plan to partially nationalize the banks for lack of a better expression. All of a sudden the stock market should tell -- that just a coincidence or is …”

“…the socialists in the race that anybody is John McCain lately nationalizing banks on the part of his president not to mention the fact he wants the 300 billion dollar bail out on these home …”

“…an 87 and a half billion dollar financial rescue plan for its banks it will partially nationalize major banks across Great Britain. Some people say that they're afraid even look at their for a one -- these days and there may …”

“…leaky financial ship chairman Ben Bernanke has announced this morning the central bank will reduce its key interest rate. By half a percentage point from two to one and a half percent. This after Wall …”

“…And Great Britain the government now says it will partially nationalize several of its major banks the treasury will invest as much as 87 and a half million dollars. In the -- major financial institutions including the Bank of Scotland. Which is the parent company of citizens bank here in New England more on that coming up. Yesterday British bank stocks plummeted some -- as much as 40% over investor fears they would not be able to get through the worldwide economic …”

“…they made an extraordinary emergency cut. The Fed acted in concert with banks around the world. Also cutting rates half a point -- the European Central Bank and Bank of England. Similar reductions by central banks in Canada. China Sweden and Switzerland Great Britain has partially nationalize eat big banks and -- US style. …”

“…an emergency interest rate cut by the Fed and six other world banks. . The move was meant to calm investors who were worried about stagnant credit markets and ASEAN business reporter Peter I was following …”

“…saw this rescue plan that -- happened this morning with the British banks the largest British banks. . Bank of Scotland the red Bank of Scotland among them and they are the parent company of citizens bank the second biggest -- to a New England has citizen says at this point they're not affected by this and and they will continue to lend money and they did not have many sub prime. Or any sub prime lending so they're okay he's a sense and it's -- illustrates it. Yep it's impediment to people as part of the bill well bill last week. Every didn't think to present this country's insured now up to 250000. Dollars if you're looking after that much in the bank you know and that's just hundred from last week but now. 250 and you know -- that the risk of you know …”

“…almost. Relevant. We've had the Fed dropped interest rates there's this partial. Nationalize station of the banks in Great Britain into the largest banks. . The Asian markets plunged overnight the Nikkei was down almost 10% so all of these things taken whether it's kind of hard to make sense of it but in terms of my head covering the story today. Reverend focusing on what should we be thinking about as we follow this story well. And who knows a lot to think about sort of what's going to change between down for quite but I truly good coming -- metaphors think about this is a pond in the woods that maybe you skate on in the winter. And what's happening is the -- to start to freeze the pond is lending activity by banks. . And a federal service come out they've come out with -- to try to chop the basic come out with salt to …”

“…system. So why not go out and buy. The equity directly. And nationalize the banks. . And then what will happen is that bank shall have the capital they need and and we won't have to go through this reverse auction process switches. Frankly going to …”

“…mortgage company. The mortgage company would sell that loan to an investment bank that would packages with a thousand other loans and then. The -- package called the mortgage -- security -- collateralized debt -- …”