Quote Originally Posted by flyingimam
call it JP Morgan Chase

i think if this shit goes on we end with 2 gigantic banks: BOA and Chase

guess what... in this fucked up credit situation these 2 banks' balance sheets are just solid and well. its quite hard to shell out billions in this situation to take over a business and they both have done it.

tells me some businesses do know how to run it and some just dont get it right
If you are a bank, and not an investment bank, CDO leverage is maxed at 12:1. If you are an investment bank, CDO leverage is maxed at 40:1. I laugh when democrats keep spewing that more regulation was needed. Soon, a massive reform of investment banks (such as Franklin Templeton Investments) is in the making.

:jointsmile:Hindsight is always 20/20.