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i've been saying it over and over. just let them fail. no amount of bailouts will save them because of the huge leverage they used when compared to the actual amount of cash/capital they have. and stay way from their stock, something i've also been saying for awhile when i see people saying it's time to buy now because they are so low and can't go any lower. yes, it is true the stock can't go any lower, but the companies can still go bankrupt and you will lose all your investment. until we actually see the stimulus packages propping up the economy and showing signs that they will actually help our economy i would stay away from financial stocks!
the only thing that can save these banks now is if the economy stops going down and gets better, and i don't see that happening anytime soon. not until maybe around the end of this year anyway, but most likely for another two to three years.
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