re: UBS agrees to buy Credit Suisse for more than $2bn

quote:

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How many stock holders will bail from both banks on Monday?

What about other banks?

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I suspect this will be a big negative for bank stocks next week as shareholders continue to be left holding the bag, not that I disagree with lack of bailout to shareholders, but in this particular instance we’re seeing national law changed to force shareholders to eat a shite sandwich in a bank going under. Feels an extra step to what we saw last week.

Next week is likely a bad week for other European banks, Duetche Bank probably gets it the worst.

Domestically continued pressure on FRC could set the stage for our own furthering of the same sorts of worried in shareholders.

Becoming clear that you’re only going to have real security in a JPM, BAC, or Citi. I don’t trust wells because of their past and they are also majorly exposed to the west coast which is experiencing the brunt of real estate decline so far.