If it is the bank I'm hearing about...The Bear situation was in a different environment. Not least because JP Morgan is unlikely to be able to swallow it.GS I'd rule out because it's (so far) successful strategies have dodged a good number of the bullets flying around, so why change tack unless the price was stupidly low ? If stupidly low you get the hassle that JP suffered with BS.JP took one of the biggest bets of modern times when it offered to take BS with two days due dilligence.BoA has had involvement with Countrywide, so does it want more ? I think not. and I don't think Citi or Lehman will be on the buyside of this either.A purchsae a big bet and banks have heavy lifting to get their capital up to strength. Any bank who bought <redacted> would not only be taking a big risk, but also it would be giving up many chances to make money on buying things that are unreasonably underpriced for quite a while. When such an event happened in London, it was botched by the pathetic Mervyn King who failed to stand up to the politicians, show leadership or indeed do anything useful at all. One thing that should have made it easier was that the British body politic is less xenohphobic than the USA, so if a foreign buyer had shown up, like a sovereign wealth fund, a Russian oligarch, or the Chinese government, they would have been welcome. Harder for a US administration to go down that road, especially this close to the elections.The oprions for the US govt would appear to either be nationalisation or writing a huge guarantee to a bank to take it on.It ought to be done by a reverse auction, but campaign coffers need filling.However, China offers a tantalising oportunity here...It holds a huge great big pile of US government debt.This goes far beyond rationality in terms of diversification and risk.It cannot even sell much without seriously risking the value of the rest.But it could swap US bonds for equity in a dying bank, and use a larger wad to provide it with a credit worthiness that is in effect guaranteed by both the Chinese and US governments. And on a scale that would make GS look like the bureua de change at at regional airport.But that is pure conjecture, since the PRC government does not take orders from me.