Bank rescue details key to stave off bears (Reuters)

NEW YORK (Reuters) – Bears could have the upper hand again next week if Wall Street fails to get assurance that major banks can be rescued without being seized by the U.S. government.

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The Dow breached a six-year low in the holiday-shortened week amid mounting fears that the White House would nationalize banks, thus wiping out shareholders. Stocks pared losses in the final hours of trading on Friday after the White House said it strongly believed in a privately held bank system.

Full Story: Bank rescue details key to stave off bears (Reuters)