I think they meant to say “because”, not “even as”
Investors pounded most financial stocks even as government agencies led by the Treasury Department said they would launch a revamped bank rescue program this week. The plan includes the option of increasing government ownership in financial institutions without having to pour more taxpayer money into them.
Furthermore, telling people the economy is screwed – a constant drumbeat from the Obama camp – makes people think the economy is screwed.
“The biggest thing I see here is the incredible pessimism,” Springer said. “The government is doing a lousy job of alleviating fears.”
I think I’ve sighted Br’er Rabbit here:
Although the government has said it doesn’t want to nationalize banks, many investors are clearly still concerned that this could be a possibility as banks continue to suffer severe losses because of the recession.
Right. Don’t throw me into that thicket. Please, don’t throw me into that thicket.