Bloomberg: “The government wants to take control, dictate lending policies, dictate banks’ views of their assets, and generally interfere with what are private companies,” the U.K. Shareholders Association said in a statement, describing Brown’s plan as “creeping nationalization.” The lobby group represents individual investors. Full Story
Yahoo Finance: WASHINGTON (Reuters) - The incoming Obama administration is considering setting up a government-run bank to acquire bad assets clogging the financial system, a person familiar with the Obama team's thinking said on Saturday.
The U.S. Federal Reserve, Treasury and Federal Deposit Insurance Corp have been in talks about ways to ease a banking crisis that is once again deepening -- and a government-run "aggregator bank" is among the options.
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