Reuters: US pushed BoA to complete Merrill buy

Discussion in 'Stocks' started by apitrader, Feb 5, 2009.

  1. So my reading is: Lewis, go ahead to finish the deal, only this way can US government wipe you out later with all your shareholders. Or, read it other way: BAC/MER deal is more like gov-sponsored JPM/BS deal, here we have a 5-10-bagger option stock ready to soar? Recent drop is mostly motivated by the 41.5% retail ownership? Leave it to you.

    Federal officials pushed Bank of America Corp hard to complete its acquisition of Merrill Lynch even as credit losses mounted at the troubled investment bank, the Wall Street Journal reported on Wednesday, without citing any named sources.