Ken Lewis was spotted doing a recession rain dance in Central Park over the weekend. He must have read this article first.
www.reuters.com/article/pressReleasesMolt/idUSTRE58G6I720090917
I will stand by the statement that if the economy tanks from here, both BOFA and Wells will either be nationalized or file for bankruptcy.
Its mathematically impossible for these two banks to survive another serious market/credit correction.
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