Raalistically, JPM will be acquiring the profitable prime brokerage business, which will be a boost to its bottom line, and the Bear headquarters which is worth quite a lot in the long run. Pretty much all the other businesses will be quietly shut down (a few might get sold, but probably to unwise buyers who will end up quietly shutting them down).
Treasury Secretary Paulson was on FoxNews earlier today and when asked about the strength of the dollar internationally, he said the dollar was strong and would continue to be.... He got an odd look on his face that said to me..”this is the least of our problems right now”...
Yes, your are correct. Like the movie, “Twins” with Arnold and deVito, the twins are told by the doctor, Arnold you got all of the good genetic and devito....you got all of the shit left over. Now substitute JPMorgan-Chase for Arnold and the taxpayer is deVIto.