BAC shareholders forced to bailout Merrill Lynch

Discussion in 'Wall St. News' started by wilburbear, Sep 14, 2008.

  1. Daal

    Daal

    its amazing that they want to pay a big premium. mer would be out of business in days, they are doing them a big favor
     

  2. until BAC stock hits the skids;)
     
  3. Daal

    Daal

    yeah. if pimco is right and the financial system is undercapitalized then bernanke and treasury are just delaying the day they sign the check
     
  4. nkhoi

    nkhoi Moderator

    a favor from one PPT member to other PPT member.
     
  5. MER internal annoucement on merger @ 8-9pm

    price seen $26 acc. to cnbc


    MER board voting now...
     
  6. bgp

    bgp

    this is insane ! boa does not have the capitol to do this . the treasury must be backing this. with OUR MONEY.


    bgp
     
  7. I don't think there is any doubt that Paulson and Bernanke are behind this.

    My hat is off to them - this will certainly neutralize the LEH bankruptcy and make it more likely that Monday is a wash or melt up instead of a certain melt-down. ... Well played sirs.
     

  8. its paper dude "schwap dat schtock"
     
  9. Daal

    Daal

    Funny how Temasek will actually make some money in their investment at MER if they get snapped at $25. their avg price I read was lowered to $21 after the capital raise provision kicked in
     
    #10     Sep 14, 2008