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Volatile Banking Sentiment Needs to Steady
Bloomberg Businessweek
Bank of America and JP Morgan Holding Up 810s?
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Herman: We live in a capitalist society and banks will fail. So what we're seeing is natural where other, supposedly stronger banks will come in and take over the failed institution. Allison: I think to Herman's point, it could be a great opportunity for both banks. For those that have gotten themselves in trouble with mismanagement, being taken over by a stronger, healthier bank was good for both of those banks and good for the system.
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