Quote:
Originally Posted by TheDoc
Isn't BoA a multi trillion dollar company? $4b to them is like $100 to me. - Crazy buy either way
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If you count its depositors assets, but I'm sure when you put money in your savings account you do not consider it a donation to the bank. Their market cap is $170 billion, but given liabilities and other issues it could very well be less.
For example, nearly all of the big investment banks had leverage ratios around 1:30. It just broke on the wire today that WaMu and JP Morgan may be merging, very likely an insolvency issue with one of the parties.
The brutalness of this current credit crises is largely being under recognized given the absence of a one day stock market collapse.