This is a recap of the top news items for the week on Wall Street:

1. Stocks rose on Tuesday and Wednesday following reports that the Obama administration was rumored to be planning a “bad bank” initiative which would essentially move toxic assets off struggling banks balance sheets. The move would promote lending at these banks and address mark-to-market “issues”. The rally started in the financial group, but buyers quickly came into every sector of the equity markets. On Friday, CNBC’s Charlie Gasparino reported that his sources are now indicating that the plan has caught a snag and will likely be