Some of the traders of CNBC's "Fast Money" are strongly against the idea of nationalizing the big banks like Citigroup (C) - Get Report and Bank of America (BAC) - Get Report. Those panel members aren't alone with their views. Jim Cramer, the host of CNBC's "Mad Money," is also in the same camp.
In a recent video, Cramer said
and it will collapse the financial system, cause massive unemployment, wipe out credit cards and eliminate life and property insurance.
The "Fast Money" traders believe the market rally on Tuesday was sparked by large short covering after Ben Bernanke made statements that backed away from the idea of nationalizing the banks. As the crew waits to hear the final details of the Obama administration's bank plan they continue to find opportunities in the market.
The gang recently highlighted trading ideas that play off of stocks with extremely cheap valuations, retail value stocks and unusual options activity. Here are some highlights from over the past week as aggregated from the show.
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