When Pink Sheets LLC makes a levered buyout bid for NYX financed by the fed we will know stocks have bottomed
http://www.ft.com/cms/s/0/d75e8598-fee6-11dd-b19a-000077b07658.html?nclick_check=1 A snippet: People close to the situation said that some banks were in talks with regulators over plans that would provide them with another capital injection but stopped short of an outright nationalisation. One option being discussed â at least for Citi â would be to convert some or all of the governmentâs $45bn holding of preferred shares, as well as the $35bn in preferred shares held by sovereign wealth funds and other investors, into common stock. The move, which could be coupled with an offering at a discount to the share price, would give Citi much-needed support and fresh capital without forcing it into state ownership. However, it is unclear whether the government would accept such a plan.