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Squawk on the Street
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The Potential for a Second Wave of Bankruptcy
There's a 2.6 billion gain at closing, offset by 2 billion restructuring costs over two million. The question then becomes, is there a reason to not allow that? Is there more benefit to the system from having another regional buy? Mark Rowan of course, Mappala brought it up yesterday,. At least in his opinion, we haven't fully dealt with that existential crisis of 42 billion dollars leaving a banking institution in four hours.
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