BAC shareholders forced to bailout Merrill Lynch

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

  1. 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


    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


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

  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


    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