Interesting article from Bloomberg.... "The U.S. Treasury’s bank-rescue plan won’t repair the financial system or revive credit markets, Bank of America Corp. strategist Richard Bernstein said as he recommended avoiding the industry’s shares."
Check out the article here...http://www.bloomberg.com/apps/news?pid=20601087&sid=apJRc8r_9GDE&refer=home
This from a banking analyst inside the banks... He reckons the industry can only survive if banks are nationalised. How's THAT for a blunt assessment of the US banks prospects despite all these bailouts.
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