Not in the view of this author. The Company's very heavy dependence on wholesale funding is a strategy that did not work for First Chicago, Continental Illinois, Bankers Trust, JPMorgan (before the Chase merger), Industrial Bank of Japan, Long Term Credit Bank of Japan, and Nippon Credit Bank.
This chart ranks the most actively traded bond issuers in the U.S. fixed rate corporate bond market for senior debt by the notional principal of bonds traded on that issuer name.
The data is provided by Kamakura Risk Information Services. For more information please contact info@kamakuraco.com.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.