Imagine!!!
This is why IMO govts probably won't support ARI in its current entity.I still believe the banks may move sooner rather than later and appoint their own administrators. This would be to protect their interests..…Tben once the mess is sorted, the federal govt may offer some kind of funding.
Share holders of course get nothing, but under the current proposal the get basically nothing.
With all this, expect selling and new lows to be hit in my opinion.
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