JPM / BofA Takeover?

[DoctorUnne]

Just rumors, but deja vu?

http://www.forexlive.com/blog/2011/08/23/rumors-making-the-rounds-that-jp-morgan-may-takeover-bofa/

[DoctorUnne]

There is a rumor circulated on Wall St. that JP Morgan (NYSE: JPM) will take over Bank of America (NYSE: BAC) within the week. The government will support the deal with a $100 billion investment in preferred shares issued by the combined entity. Alternatively, the government may guarantee the value of a large pool of Bank of America assets. The word is that Treasury Secretary Geithner has discussed the transaction with JP Morgan CEO Jamie Dimon.The “merger” would completely destroy the value of BAC’s common shares.

The government feels that the deal may be necessary as Bank of America struggles unsuccessfully to close several transactions to bolster its balance sheet. The Wall Street Journal reported that the financial firm will need to raise $200 billion which would be another possible event that would wipe out common shareholders.



Read more: JP Morgan May Take Over Bank Of America - 24/7 Wall St. http://247wallst.com/2011/08/23/jp-morgan-may-take-over-bank-of-america/#ixzz1Vs4mFgzV

[Atlanteax]

"Too Big To Fail" continues.

[Androidpk]

What about the rumor circulating that JPM is going to collapse because of Chavez demanding his gold back? Hrmmm

[Warriorbird]

There's more available info out there.

[crb]

This is big news, this should be talked about on the news. Not some stupid earthquake. Stupid news.

[Warriorbird]

This is big news, this should be talked about on the news. Not some stupid earthquake. Stupid news.

Midwesterners feel left out.

[Buckwheet]

Fuck BoA.

[Inspire]

Fuck BoA.

^^^

[NocturnalRob]

^^^
What's the matter, sport? They wouldn't let you get the Hello Kitty credit card design you wanted?