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I think the Govt is looking at all its options to make the banking system work, or to unfreeze the credit markets.One idea is to nationalize some of the bad banks, while this may work it seems to be a last resort option that the govt does NOT want to do.Acctg changes will be looked at first, and quickly before taking the next step. IMO this rule will change soon.Peace!
CNBC will be all over this mon-tues-wed. They will be interviewing bankers and congressman etc... This could help BAC a lot but we also need some color out of Ken on Q-1AND SOON~!