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I would think that at the end of the day, this mess is going to kill, or at least severely maim, some of the financials. But they are competitors of each other. So for every one that dies, you'd think that one of the other would benefit. Bear Sterns dies, JPM benefits.
The weak get killed, the strong get stronger?
Where does Citi fit into that? They are an $18 stock today, but I doubt they will be at that price a year from now. The question is, will they be $30, $50, $5, or gone? I'd like to see the arguments.
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