My guess is that C and BAC will just have to try and survive without selling, which should take years. Some of the others appear to be in better shape, although I read a lot about the massive derivative exposure JPM has.
Yeah. It's kinda like seeing a smoking hot fresh-off-the boat Cuban hooker in Miami. You know you'd have a great night but you'd regret it for the next 40 years of herp infection.
I've read reports here and there suggesting that C and BoA (and others) are buying all they can get their hands on for .30, if for no other reason than to sell them to an SIV at .85, in "partnership" with the Treasury and the Fed backstopping all the downside.
At the minimum, banks want to buy back their own toxic asset thru treasury. You have to check out the PPIP program to see how risk can be shift around. http://www.treas.gov/press/releases/tg65.htm