NEW YORK - Bank stocks fell Thursday amid news that the Bush administration is considering taking part ownership in a number of U.S. banks in its continued effort to help prop up ailing financial institutions. The aim of such a move would be to help loosen the credit markets and encourage lending among banks and to consumers. An administration official, who spoke late Tuesday on condition of anonymity because no decision has been made, said the $700 billion rescue package passed by Congress last week allows the Treasury Department to inject fresh capital into financial institutions and get ownership shares in return. "Will financial institutions go for that? There's a lot of questions," said Peter Cardillo, chief market economist at Avalon Partners. "I think what's happening here is that the markets are not giving the...
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