Well we'll see what Q2 earnings look like is all I can say, do you think after all that has happened and how wrong these analyst have been that they would go and stick their neck out and make projections like they have concerning BAC. Do you really think Morgan Stanley would say $2+ earnings in 2010...
Also banks have the oppurtunity to sell off these distressed assets under PPIP, why are they no longer interested in selling what most bears seem to think are going to be their downfall...
My opinion is that maybe years down the road this whole mess could hit them again but I think for now the banks have stabilized and with more than half of their competition wiped out, whoever is left might just be golden...
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