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by bsims 4846 days ago
You're correct about the book value and asset quality being an issue. I don't think a run on banks would be an issue if government orchestrated (especially if not during a crisis). More than likely it would be similar to how AT&T was done previously.

http://en.wikipedia.org/wiki/Breakup_of_AT%26T

You Canadians have it figured out, your banking system seems far more efficient with larger regional institutions.