Given the current situation I’ll take interest in anything he’s saying publicly. He could be having a seizure and mumbling gibberish and I would still be trying to interpret it.

He apparently thinks there will be some big losers if another bailout isn’t down the road. And some of those losers can’t be saved by a simple merger, partners will need to be chosen wisely. He doesn’t sound very optimistic about our industry, as a whole, for the next couple years.