4th paragraph. Both the Fed and Treasury twisting arms to force it through. Merrill board meets and will approve the deal at 6pm Sunday. http://biz.yahoo.com/ap/080914/lehman_brothers.html
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
yeah. if pimco is right and the financial system is undercapitalized then bernanke and treasury are just delaying the day they sign the check
this is insane ! boa does not have the capitol to do this . the treasury must be backing this. with OUR MONEY. bgp
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.
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