Stay Away From Financials -- ZT from FBR

Friedman Billings Ramsey is telling its clients to avoid
investing in financial stocks, noting that the "future capital
structure" of the industry is uncertain "given the growing
likelihood of direct equity investment in financials by the
government." The firm notes, "We expect that the government
will take additional, drastic steps to combat the financial
crisis, as rate cuts and Federal Reserve-backed auction facilities
have had limited benefits."