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JPM may actually be in a good shape, both short term and long term. Short term because the FED is covering $30B of the liabilities, long term because BSC still claims to have $80 a share in book value. Not a bad buy at $2 a share. Bear's problem was a liquidity problem. If JPM can avoid a liquidity crisis, it will have made a truely magnificent deal. This sounds like a steal to me.

Boy, I hope I am right on this one, because if I am not, our financial system will collapse in the next couple of weeks! 

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