RE:Market...Well….I hope this will work-out & bring some stability to market: ”JPMorgan Chase & Co. (JPM-US) agreed to acquire most of First Republic Bank (FRC-US), which is the third bank to be taken over by the FDIC in less than two months and the second-largest bank failure in US history following Washington Mutual in 2008.”
At the end of the day this throws out some cautionary call to financial sector to look for tangible value instead of just speculating & churning money around from one scheme to another. More banks should be allowed to go under; value of money should be based on tangible assets not ‘thin air’.
VLE has assets, that IMHO at the moment are not fully accounted for in their share value, it is up to management to bring this up to the surface.
G37