If Barclays’ John Varley does end up winning ABN Amro, he
won’t be able to say that he won the bank fair and square. His poison pill just
got even more poisonous: Patrick
Hosking in London reports today that Bank of America will sue ABN Amro for
$220 billion if it doesn’t get Chicago’s LaSalle bank.
Of course, that number is so huge as to be meaningless, although Dana
Cimilluca helpfully tells us it’s "the equivalent of the gross domestic
product of Greece". Has BofA hired Roy
Pearson as a lawyer?