Even lifeboats can sink if overloaded like BB&T. There will be unforseen toxic assets still to crash from Colonial, now in the 'lifeboat'. Plus, very expensive costs to merge Colonial & BB&T IT systems, policies, retraining and IRS tax consequences. Plus, unexpected and indescribable costs that are unknown. This take-over is not a bonanza, but a junk pile that will stink for several years and may pull down BB&T. I predict our stock price will get hammered down to the $13 range by June 2010, when all the 'alligators' come out of the take-over swamp. I sold today and took today's 10% uptick.
I agree that BBT is going down after 'eating' toxic assets. BBT should have not listened to FDIC and let Colonial fail on it's own. I think our price here will drop now because of increased debt and risk from Colonial.