BAC shareholders forced to bailout Merrill Lynch

cnbc says $29 a share now

 

This will cool the heels of some shorts.

I took everything off Friday, thinking something stupid could happen.

How do you come up with 29 unless Hank was pitching favors.


Do you realize it was 6 months ago tonight Bear went down? They'll start coming quicker now.

 

LOL!

too funny.

BAC is going to go under. Just a matter of time.

Who the heck is going to be left to buy that POS?

 

BAC will be printing money in a couple years.

 

hank paulson using US taxpayers money to make Singpore's sovereign fund happy??????

 

Say what you want. The Merrill Board did a great job getting Thain, and Thain pulled off a coup. Fuld is the anti Thain.

What a bizarre turn of events. Those guys w/deferred comp at Mother Merrill just dodged a bullet.

CNBC says Fed forced Thains' hand.

 

CNBC just said Morgan Stanley looked at Merrill's books, and passed on buying the firm.

 

what's this mean for MER stock come Monday morning - premarket rise?

thks much.

 

Why did BAC pay a premium for MER? Why didn't they give a lowball offer like JPM did to BSC?

 

BAC CEO is doing the round of talk shows to assure the investment community that he received no influence from government entities to buy MER. The following story uses words like "pressed" and "pushing" to describe the government in the BAC-MER deal.

Paulson also pressed the big banks to help with the current cleanup. Strange. I guess Paulson talked to everyone except BAC.

http://biz.yahoo.com/ap/080914/lehman_brothers.html