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The only reason I can conceive of BAC taking over CFC is if they worked something out with the Fed, Treasury, and Bush administration that will allow them to have some kind of insane governmental support and incentive.  Like the treasury would just give BAC all the money, or the Fed would accept CFC MBS's as collateral for loans at mark to model value.

I'm seriously wondering if this deal will go through.  CFC wasn't going to make it past this quarter, how are they gonna make it to 3Q? 

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