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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (78488)1/11/2008 9:08:16 PM
From: Qualified Opinion  Respond to of 94695
 
I don't own many banks. I'm very comfortable with my positions. <g>



To: Real Man who wrote (78488)1/11/2008 9:41:46 PM
From: Qualified Opinion  Read Replies (1) | Respond to of 94695
 
Through consolidation, banks can eliminate a significant portion of subprime as if it didn't exist by using the purchase method of accounting for acquisitions. Obviously, the acquired bank owning subprime would have to be willing to be acquired at a price substantially under its book value.