JP Morgan May Take Over Bank Of America

http://www.marketwatch.com/story/jp-morgan-may-take-over-bank-of-america-2011-08-23

by chailatte • 15 years ago

23 11 15 years ago

marketwatch.com

adamjernst• 15 years ago

The deal must be off; BAC is up 11% today.

rationalbeaver• 15 years ago

One bank to rule them all?

chailatte• 15 years ago

JPMorgan Chase Bank of America Merrill Lynch will rule us all

jesseendahl• 15 years ago

This scares me, because if the U.S. ends up in a situation where the entire country is relying on even fewer financial institutions than it is now, then the government will definitely consider them "too big to fail." Not that the situation isn't bad already, but I can only see this making it worse.

mahyarm• 15 years ago

Do you think they'll try to do an AT&T and break them up into hundreds of little pieces?

blackguardx• 15 years ago

Probably not in the current political climate.

simon_• 15 years ago

This will definitely not happen. There is no way it would win the support of BAC's shareholders and board.

jpadkins• 15 years ago

Can someone explain why normal everyday chapter 11 bankruptcy is not applied to banks?

Why can't they wipe out the shareholders, sell off the assets, and pay the creditors from that?

olefoo• 15 years ago

The facile answer is that it's simple corruption. The slightly longer and more nuanced answer is that allowing such a failure to happen would cause more chaos and disruption than is politically acceptable to our elite decisionmakers.

onedognight• 15 years ago

First paragraph:

> The "merger" would completely destroy the value of BAC's common shares.

rprasad• 15 years ago

That would instigate a bank run by BofA's account holders, and possibly bank runs by account holders at other banks worried about the stability of their own financial institution.

In other words, total financial collapse of the American economy.

JP Morgan May Take Over Bank Of America

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