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This post first appeared Nov. 19 on RealMoney. Click here for a free trial, and enjoy incisive commentary all day, every day.
Systemic risk is right back on the table. And this is what it looks like: Citigroup(C Quote) at $5, Bank of America(BAC Quote) at $12 and Wells Fargo(WFC Quote) at $23.
Systemic risk is, well, too risky, and we all know at this point that it is a confidence game. Without confidence, the question becomes, "Will so-and-so make it?" and even I am not willing to fill in the blanks.
What gets rid of systemic risk? A plan. A vocal plan that says, "We will never have another Lehman on our hands again." ...
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