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[quote=Anonymous][quote=Anonymous]The larger banks also don’t want to takeover First Republic and inherit all its problems. Jamie Dimon said he would never participate in another government organized bailout & takeover again. So many legacy headaches & lawsuits from WaMu. Buyer beware. [/quote] Agree--the banks are willing to buy if they think they can handle the financial losses, which they have the ability to estimate reasonably. The big wildcard in losses for an acquirer, though, are those coming from DoJ, SEC, etc fines and from shareholder suits against the bank they acquire (and which the acquiring bank had nothing to do with). They really need ironclad assurances they will be held harmless against misdeeds committed by the acquired bank's management to be willing to go ahead with a purchase.[/quote]
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