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Bank of America, Merrill Lynch In Merger Talks
WSJ ^
| 9/14/08
| Matthew Karnitschnig, Susanne Craig and Dennis K. Berman
Posted on 09/14/2008 1:26:52 PM PDT by jimbo123
Bank of America and Merrill Lynch & Co. Inc. are in merger discussions, according to people familiar with the ...
(Excerpt) Read more at online.wsj.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: banks; boa; economy; merrilllynch; wallstreet
Looks like Merrill Lynch CDOs are only worth 5 cents on the dollar instead of 22 cents on the dollar...
1
posted on
09/14/2008 1:26:54 PM PDT
by
jimbo123
To: jimbo123
Bank of America just needs to hand out a few more of those credit cards to illegals and they will be OK. LOL
2
posted on
09/14/2008 1:29:02 PM PDT
by
org.whodat
(Republicans should support the SAM Walton business model, and then drill???)
To: jimbo123
This is not Merger talk, it is take over talk.
3
posted on
09/14/2008 1:29:27 PM PDT
by
ThomasThomas
(Real change actually changes something.)
To: jimbo123
They’re getting out ahead of the Lehman-induced crash. If Lehman isn’t bailed out (or ‘bailed-in’ by other banks), then the counterparty risk to other banks goes up markedly, and their balance sheets go to crap as well.
MER their heads out from betwixt their generously plump buttocks ahead of being forced up against the wall is the first smart thing I’ve seen happen since last year.
4
posted on
09/14/2008 1:30:22 PM PDT
by
NVDave
To: jimbo123
5
posted on
09/14/2008 1:30:25 PM PDT
by
berdie
To: jimbo123
First Countrywide, and now Merrill? Jeez.
And how do the foreign wealth funds feel about being uber-diluted?
To: jimbo123
Bank of Amerrill Lynchica!
7
posted on
09/14/2008 1:34:42 PM PDT
by
PureSolace
(God save us all)
To: org.whodat
BAC is one of the healthy financial companies. They must be doing something right.
8
posted on
09/14/2008 1:36:44 PM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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