Re: catching up on news I missed today, this is interesting

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DONTCRYFORME

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Re: catching up on news I missed today, this is interesting

in response to

catching up on news I missed today, this is interesting

gwr1

posted on Apr 06, 2012 07:32AM

It all leads to what the probable end game is: a "good" bank (Goldman Sachs) will survive and highly benefit, when the "bad" bank (JP Morgan) collapses and the entire world (except the good bank) will bear the cost of that collapse.

It may take a bit more time for the bad bank to swallow up bad assets and exponentially build up derivative positions and, ofcourse, push some other banks over the edge in the process.