I don't believe they'll let the largest bank in the US tank. Currently, there is a class action suit being brought by shareholders against Bank of America for not doing their due diligence concerning the Merrill takeover. This suit should be a slam dunk. Everyone at jsmineset knew Merrill was theoretically worth zero. How can the bank prove they didn't know? It's not going to happen for them if the game is played fairly.

Although the truth should come in the suit who knows how it will be twisted by the judicial and the influence that the Bank has over regulators. It has happened before: Jurors here in our county, Sonoma county in California, awarded plaintiffs the largest judgment against Bank of America in US history for deceiving local apple growers and the whole thing was reversed by a panel of judges in some closed session. To say that jurors were peeved, my wife included, is an understatement.

I think that the bank knew all too well concerning Merrill's potential OTC derivatives mess which has previously been stated, could reach $100 to $200 billion. I think their idea was to build up capital with Merrill's accounts and dump the can of toxic waste on the taxpayers which apparently? has backfired on them.

We'll see.