RE: WILL THE OTHER BANKS WALK??
Here we go again yoda. Do you have a substantial position in bce shares or are you hoping to get in at a lower position. I think the 1.2 billion penalty could easily be a substantial financial penalty to the banks other than TD that are involved in the buyout. I know that they were not looking good because of the huge losses from the subprime mortgages and all the other problems associated with a very weak economy. They have quite probably already received funds from the American bailout funds from the govt to banks. I would also like to know the numbers again of the % these banks have to provide in the buyout and the dollar value. The teachers group may wee provide more funds if required. They need this to go through in a huge way. I think the possibility its a done deal is well over 90% at this time.
best of luck all longs
rob