An Involuntary Transaction: Why BAC + CFC May Never Close [View article]
You fail to take the BSC/JPM analogy far enough. Both mergers were not about rescuing CFC or SC respectively but the market as a whole. Their was no ten year view in either case, just Fed forced false hope to prop the market up for a few more months.
An Involuntary Transaction: Why BAC + CFC May Never Close [View article]