New Rescue Options

The article below talks about new options for rescuing this current real estate market.  There are talks of nationalizing some of the banks with the biggest problems.  According to The Wall Street Journal article, “The hours-old administration of President Barack Obama is expected to move swiftly to try to stabilize the financial system by pumping more capital into weakened banks and buying bad assets. Nationalization appears to be a last resort, but other options on the table move the U.S. in that direction. In one idea under consideration, the government could buy convertible securities from financial institutions, an approach that could ultimately leave the government owning large chunks of many firms’ common shares.”