WASHINGTON (Reuters) - The White House said on Friday it strongly believed in a privately held bank system, after rumors that the U.S. government could nationalize banks caused shares in Bank of America and Citigroup plummet.
"Let me reassure as best I can on banks," White House press secretary Robert Gibbs told a briefing with reporters.
"This administration continues to strongly believe that a privately held banking system is the correct way to go, ensuring they are regulated sufficiently by this government.
http://www.reuters.com/article/politicsNews/idUSTRE51J5DA20090221?feedType=RSS&feedName=politicsNews
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