Wells Fargo CEO open to a 'Fed-assisted' deal

Look what you've done now, Bernanke. Now every fat cat banker is lining up for a handout, in the form of guaranteed buyouts of smaller distressed rivals.

This must be why the market is rallying: Fed guarantees have replaced private equity as the savior du jour of ailing financial companies stuffed to the gills with garbage loans. Only, the market will soon find out the Fed has limits as well...