RE: National will be taken outFirst of all, National Bank will not be taken out, because the government has not changed its laws to allow bank mergers again. And with a minority Government in place, bank mergers are not likely to be approved anytime soon.
Also, many here are blowing this abcp thing way out of proportions IMHO. If anything, this pullback is a great opportunity to buy shares of the 6th bank in importance in Canada at bargain price. But hey, this is only my opinion...
Cheers!
Nick