Updated from 6:59 a.m. EDT
Another day, another reversal.
And another instance of the government coming to the rescue. The report is that Treasury Secretary Henry Paulson is considering the formation of a vehicle like the Resolution Trust that was set up during the savings and loan crisis of the '80s and '90s.
Earlier in the day, stocks struggled as investors were still concerned with the futures of
. The rumor is that Morgan Stanley is looking to do a deal with
In other banking news,
also seems to be close to a deal, with
With all this banking news, no one seemed to notice that
beat the Street with a 28% rise in first-quarter profits. The stock rose 3.5% on the news.
Again, the volatility is off the charts, the government seems to be taking over companies left and right, and investment banks are still under fire. Have we seen a bottom?
With this in mind, we thought we'd take a look at some of Thursday's most-searched stocks on
Research In Motion
and see what Jim Cramer's had to say about them recently.
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Morgan Stanley and Goldman Sachs for his Action Alerts PLUS charitable trust.)
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