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Wells Fargo and Chase Quietly Prepare to Take Over BOA and Citi as They Collapse Posted on June

06-29-2013 • http://livinglies.wordpress.com/2013/06/28/wells-f

What is interesting is that two banks submitted a proposal for resolution of a bank that had been too big to fail. The two banks that submitted the proposal were Wells Fargo and Chase. Notably absent was Bank of America and Citibank. I take that to mean that the government and the financial community are expecting Bank of America and possibly Citibank to collapse and that it might be very soon.

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Reported By Mike Brosnahan

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