"Their balance sheet can take a shock much better than Countrywide, " said CreditSights senior analyst David Hendler.

NPR: Bank of America Buys Countrywide

Morgan Stanley and JPMorgan are hiring brokers for their private client divisions, for example, notes CreditSights analyst David Hendler.

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David Hendler, an analyst at CreditSights, says the investment will at least forestall a ratings agency downgrade of WaMu.

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