Jimmy Lathrop

Wachovia: Waiting for a New Entry Point

I think what the author is suggesting is that you should invest in bank stocks as merger arbitrage, on the hope that maybe a bigger bank will buy the assets when they fail, as opposed to falling into receivership and ending up with a total loss.

A safer bet would be driving to Las Vegas and laying down money, pre-season, on which team would win the Superbowl based on the team's colors matching the most attractive barmaid's eyes.