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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (43459)	7/21/2011 9:12:41 AM
From: ValueGuy	Respond to of 78704

Yes, agree with you there Clownbuck, though I did not realise that BAC could possibly receive 4 notches downgrade! If that happens I can imagine the institutional investors dumping BAC fixed income instruments due to their (typical) investment guidelines of having to hold A grade or better. Maybe there's a buying opportunity there but I have not invested in fixed income instruments before so would take a lot of research. Two things I like about BK are: 1) Together with JPM they have the biggest share of the repo market in the US 2) BK has the biggest custodial business in the world, and IMO is a relatively safe, fee income earner Between JPM and BK, I prefer BK as I get the impression that the investment banking side of JPM does increase its risk profile