| StreetInsider.com - Insiders' Edge |  | | Do We Need A National Bank? | ![]() | This goes against my core and every bone in my body, but today I'm calling for the creation of a national retail bank - let's call it "Big Brother Bank," or BBB for short. I suggest the government take the remaining $350 billion from the TARP and start its own bank that competes directly with the leftover loser banks.
BBB will have a clean balance sheet and will be able to effectively use leverage, which will add billions, if not trillions, in liquidity to the system.
The new national bank would lend to credit worthy people and businesses. That's right lend. Unlike the loser banks that were just given cheap money, but won't lend, the national bank will start pumping the system with money.
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| Insider Trade of the Day - Citigroup (C) Citigroup, Inc. (NYSE: C) Director Richard Parsons bought 35,000 shares on 11/18 at $8.15, bringing his stake to 97,042 shares.
Shares of Citigroup fell an incredibly 27% today to $4.68, 43% below where Parsons was buying.
A number of other Citi execs, including embattled CEO Vikram Pandit, also recently bought shares and today Prince Alwaleed announced plans to increase his stake in Citi back to 5%.
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| | Upgrade To Watch - Hot Topic (HOTT) Pali Research upgrades Hot Topic (Nasdaq: HOTT) from Neutral to Buy. Price target $8.50.
Pali analyst says, "The last time the company outperformed, the environment was poor, the mainstream customer trafficked the store and the license pipeline was strong. While the environment is horrible and the twilight license may ... MORE More Upgrades: http://www.streetinsider.com/Upgrades FREE Upgrade RSS: http://www.streetinsider.com/freefeed.php?cid=9 |  | | 
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