Regional bank stocks are set to soar when the new bailout proposal passes. From all signs, it looks like we should know about the new legislation later this week and probably no later than this weekend. That being the case, keep your eye on banks like JP Morgan Chase and Wachovia. Wachovia will really benefit from being able to clean up its balance sheet so I would expect for this stock to soar in the upcoming trading days especially with the ban on short selling.
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Disclaimer: I am long WB and JPM
