But that all came to a screeching halt in the 2008 recession, said Cramer, when the notion of tangible book value, the matrix used to value a bank, became meaningless among incalculable loan losses.
But now that time has passed and home sales and values are again on the rise, Cramer said a bank merger or acquisition would not shock him. Cramer said he doesn't know if the Regions Financial (RF) rumors are true, but it certainly wouldn't surprise him.
--Written by Scott Rutt in Washington, D.C.
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