Given the recent bad news, it would not surprise me if Morgan Stanley (exposure to French banks who have Greek exposure, and Chinese exposure) and Bank of America (exposure to residential mortgage-backed securities lawsuits) go the way of Bear Stearns or Lehman. Their credit default swaps are proactively signalling all is not well.
http://www.zerohedge.com/news/will-start-landesbank-mortgage-litigation-against-bank-america-push-stock-new-52-week-lows
Friday, September 30, 2011
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