At least one of them will go down.
The Govt will try and bail out the first few who seek statutory protection, but they are all in so deep and the business they're buried in is classic "long-tail" stuff (just ask HIH), so at some stage, they'll just give it up and let some fail.
No other choice: when you're talking tens of trillions of dollars worth of exposure, the government can't carry it all (nor should they).
what if merrill lynch went belly up, page-3
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Last
$60.90 |
Change
-0.470(0.77%) |
Mkt cap ! $11.80B | |||
| Open | High | Low | Value | Volume |
| $61.08 | $61.08 | $60.58 | $14.59M | 239.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $60.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $60.92 | 16584 | 6 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |