Wednesday, February 18, 2009

Bianco on CNBC talking about the stimulus plan

Jim Bianco noted that in the Wall Street Journal that Roubini had praise for Geithner’s plan because it does not allow for the nationalization of banks. He noted, however, that the Financial Times argues that nationalization is still a possibility. He asks, "So what are we doing? Are we nationalizing or not? Are we doing Geithner’s plan or the opposite? What is going on? No wonder the markets are in a state of chaos. We have no plan and we seem to change our mind every day." Interesting interview which can be viewed by clicking on the title above or going to: