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BSC is worth a LOT more than the $2 JPM originally offered, escpecially with the Fed potentially covering $30B in losses! The BSC problem was a liquidity problem due to lack of confidence. If confidence can be restored (and I don't see why not, with the backing of JPM and the Fed), even the $10 offered today is still a STEAL.

Oh, and by the way, if confidence cannot be restored, us taxpayers are holding the bag to the amount of $30B, JPM will go down, another domino in the financial fabric of our society falls, and the only remaining question is: "who will be next?" LEH, anyone?

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