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Originally Posted by Danzig
i saw they're pursuing a buyer. pennies on the dollar no doubt.
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More like "buyers". It would be interesting if anyone bought this monster whole. For what? Their contingent liabilities exceed their market cap by infinity.
This is a case where The Fed is going to have to exert some..."influence". The public is not going to stand for anything publicly funded in this case so they will have to go back to squeezing some other firms to make a deal work.