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The Bank of New York Mellon Corporation Message Board

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  • andevenabs andevenabs Jan 21, 2009 7:13 AM Flag

    I know, I read, but I understand

    I'm unclear about the "big risk" statement. Buying BAC or C is a huge risk. buying WFC and JPM et al is a big risk, buying BK is low risk.

    If anyone is going to survive intact, it's this organization.

    Pay attention to where the losses were. It wasn't what is ailing the big banks but resembles more or less what your and my brokerage statements look like at years' end.

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