User 164691

1 Comment

    • Why $2? [view article]
      The big difference between a guy with $250mm and JPM is that the guy do not have source of funding as a new BSC owner, where JPM as a bank has flooding liquidity available at its disposal thanks to Fed.

      So Guy with $250mm is a non-start to buy the firm. He's got no credit line.

      And Fed can not have someone with no liquidity access have the deal - imagne BSC fail, and hedges and CDO's fail due to derivatives contract that is no longer valid since BSC is gone, (although they are supposed to be trading out of AAA bankruptcy repote) and fear of other brokers faiing prevail - this will be the mass destruction as we have not seen before. Citi is in trouble, BoA bought countrywide - only obvious buyer left is JPM.

      Mar 17 10:46 AM
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