Last fall, for example, the fear was that the failure of Lehman and subsequent takeover of Merrill Lynch & Co. would be followed by runs on Morgan Stanley and then Goldman. "If there’s a financial problem that destroys JPMorgan, it is very likely that Citigroup or Bank of America or Goldman Sachs will be in no shape to help" former Securities and Exchange Commission Chairman Arthur Levitt said during an interview yesterday on Bloomberg radio.
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