JP Morgan May Take Over Bank Of America
The consolidation of the US financial industry continues, facilitated by the US tax payers.
Article calls this a rumor, we will see.
Via: 24 7 Wall Street
There is a rumor circulated on Wall St. that JP Morgan will take over Bank of America within the week. The government will support the deal with a $100 billion investment in preferred shares issued by the combined entity.
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anyarchitectsandengineers said:
Cannot believe it. This is more than insane.
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moorewr reblogged this from tsparks and added:
BofA Deathwatch…
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tsparks posted this
