HMMM JPM gets another $100 billion to do it. Sounds like a bailout similar to the Bear deal.
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No way…
BoA is huge and half the reason they got into this mess was through acquiring other financial operations for a premium.
JPM is having enough trouble digesting the last several banking operations they swallowed up. There services have noticeably declined.
Making these massive banks is not making the issues with them any more stable. If this happens I am going to be absolutely pissed off.
So the BAC common is worth $0?
anti trust
how quaint
No way that happens.
Remember, JP Le Morgue IS the Fed.
Just like he was back in 1907.
__________
No bank can have more than 10% of US deposit base. It can’t happen.
humm, what is really on there books, what did countrywide do to/for them…lol, r government forced the sale.
@FLY,
anti trust means nothing to the clam…
especially if it comes with a huge wad of cash