Bank of America buys Merrill Lynch for $44Billion

[75th]

To add to this thread: http://www.elitefitness.com/forum/c...-going-suck-when-i-walk-into-work-610309.html

$29/share...a fraction of what it was a year ago.

Between this and Lehman going under....wow. Its weird to see the landscape change so dramatically.

Bank of America Reaches Deal for Merrill - WSJ.com

 

[JR76]

This makes me sad.

 

[rsnoble-im-back]

Just a front. LEH is the real issue. Will the market overlooke it? I doubt it......

Have fun if you held over the weekend.

 

[bw1]

Lehman will file BK

 

[chris302001]

its nice being ignorant of what all this means........

 

[javaguru]

its nice being ignorant of what all this means........

Cliff notes, the financial services industry is fucked. The auto companies are starting to line up for government handouts too.

 

[Creepusmaximus]

Lehman will file BK

The problem is everyone is pulling there money out of LEH. They're a bond house and no one wants them so who knows what will happen. UBS is another problem company too, keep a watch out for them.