$2.00 floor no longer an impossibility...This is an added worrisome element. If the $2.00 floor is breached, then all of the margin investors from those brokerages that have not already bailed at $3.00 are going to cause even more havoc as the calls arrive.
I am still wondering if the trouble with margin is something the geniuses behind the FWM-CS deal considered when they jumped into bed together. It smacks of either leaping before you look at all the risks to your shareholders which is a form of incompetence, or just plain not giving a damn which smacks of a whole different problem.
Neither company had this trouble prior to the buyout...