It will be interesting to see what they do if indeed two banks fail at the same time. I'm sure they can prop up one at a time but if more start going at once... scary stuff
Where are the smarta**es now that were crying for the Fed to hike in order to combat crude prices >$100????????????? I'd say hike rates to 8% right now, Bernanke. So BAC, JPM and C all blow up next week. We have to urgently "clear out the system" and combat rampant inflation!
BSC failing is one thing, but BAC or C failing? that would be a huge disaster. I can't imagine the Fed letting it happen.
on the brokerage side, LEH seems to be the next redheaded stepchile. As far as the money centers go, WB is getting taken out back right now. They have been too quiet during this and what was the philly bank they bot, can't remember the name rifht now (1st something?) but I know they had some issues before this even started to happen. The folks in N.C. were pissed about it.