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In response to
"If you think banks are too big to fail now, how about this--rumor is JP Morgan will take over BofA"
by
Brian
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This part is pretty nutso:
Posted by
TFox
Aug 24 '11, 11:51
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"Under federal law, JP Morgan and Bank of America could not combine because together they would have too large a share of several financial markets in the US. Treasury would apparently work with other government agencies to have those rules suspended and then the new combined bank would sell assets to get back into compliance later."
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