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Because they have significant cash assets they can afford to go on a buying spree after prices stabilise.

The will need to go on a buying spree for regional depository banks. At least the suggestion is that MS will merge with a large traditional bank but that GS will acquire some small ones.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Thu Sep 25th, 2008 at 12:39:06 PM EST
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