Quote:
Originally Posted by Claeren
I am thinking 2 of Citi (already basically gone) and JP Morgan and Bank of America will be gone by the end of the year with the 3rd close behind them. That can't be good, although it is probably for the best in the long term and would maybe(?) have been the better choice (a forced break-up) earlier in this 'crisis' .
|
I can see why you think Citi, and maybe even BoA (with ML's massive losses) but why JP Morgan? Just because of the non-existent inter-bank lending?
Think the feds will actually let a BoA go (I can see Citi getting nationalized)? I can't really see it, for no other reason then it would kill the confidence in the markets. I think we'd see a 8th (or whatever) bailout for BoA.
