Charlie Gasparino of CNBC is reporting today, January 30, 2009, that the bad bank plan could be on hold. The stock market is dipping on this news, the Dow Jones is hovering above support around 8000.
The Bad Bank plan was for the Government to buy toxic bank assets and get them off the banks' books so that they can resume lending and start a new path to profits.
This bad bank plan news has rallied the stock market over the past week and this news combined with Obama's Wall Street bonus chatter is really starting to hamper the stock market.
Not news you want to hear on a Friday afternoon going into the weekend! If we close at the lows, look out below on Monday! I would not want to be in bank stocks right now.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Showing posts with label charlie gasparino. Show all posts
Showing posts with label charlie gasparino. Show all posts
Friday, January 30, 2009
Wednesday, October 29, 2008
Charlie Gasparino CNBC ABK, MBI 10/29/08
Charlie Gasparino has just come on CNBC today, 10/29/08, and told viewers that the Eric Dinallo and the Treasury are meeting to discuss Ambac ( ABK ) and MBIA ( MBI ) for a possible coverage in the Tarp program.
If the treasury provides capital into these bond insurers, their rating could get lifted higher. This would be huge for both ABK and MBI.
Both stocks are surging on this news, ABK is 2.83 and MBI is 8.36.
http://daytradingstockblog.blogspot.com/
If the treasury provides capital into these bond insurers, their rating could get lifted higher. This would be huge for both ABK and MBI.
Both stocks are surging on this news, ABK is 2.83 and MBI is 8.36.
http://daytradingstockblog.blogspot.com/
Subscribe to:
Posts (Atom)