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Market Skepticism About BofA / Merrill Deal

sure in all practice it will take years before the merger will succeed. market reaction is not as to the success of the merger but as to whether the deal will be successful and will BAC benefit from it.

history shows mergers of commercial and investment banks don't work out, its like putting water and oil together. eventually the oil will turn into sludge, all smart investment bankers will leave.

BAC has no idea what it is getting into. hence markets reactions, plus BAC has taken on a lot of debt from its countrywide deal.