1 of the best in class. Everyone trading in and out, will need more research, and increased activity. likely to pick up high quality people from Bear,LEH and and all the rest. Low PE.
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For the reasons behind this pick, see the following blog posts:
Goodbye Banks, Hello Stone Age
Worse than the Great Depression
No end in sight to the problems within the banking industry
The Future of Wall Street
Bailout Rewards for Massive Layoffs
US Treasury to unveil new banking sector plan...
A dagger thru the heart for BAC? ...gulp! :o
Money runner banks
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