JP Morgan May Take Over Bank Of America

[ajcrshr]

"There is a rumor circulated on Wall St. that JP Morgan (NYSE: JPM) will take over Bank of America (NYSE: BAC) within the week. The government will support the deal with a $100 billion investment in preferred shares issued by the combined entity."


http://247wallst.com/2011/08/23/jp-morgan-may-take-over-bank-of-america/#ixzz1Vryt84KZ

 

[newwurldmn]

They would control too many deposits. Some law about no more than 1 trillion in deposits with one bank and that was relaxed to get some of the mergers through in 2008. But BAC + JPM would be over 2 trillion in deposits.

 

[GordonTheGekko]

Who cal;led it!

 

[AK100]

Ahhh, the big just keeping getting bigger........

Folks, this is why there's NO hope for the economy over the next 1-3 years. Batten down the hatches.

 

[Random.Capital]

What is there to say, really?

 

[JamesL]

I'd like to see them spin off Merrill and make them independent again. The service has been terrible since the merger. Almost makes me want to move, but have had their CMA account since working there years ago.

 

[DemZad]

Too big to fail getting bigger?

 

[bone]

Merril Lynch is the gift that just keeps on giving.

 

[JamesL]

More like Countrywide is the issue this time.

 

[TGregg]

Quote from DAS Trader:

Too big to fail getting bigger?

Now too big to regulate. :eek: