BAC shareholders forced to bailout Merrill Lynch

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
 
Quote from Cdntrader:

until BAC stock hits the skids;)
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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.
 
Quote from bgp:

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


bgp
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its paper dude "schwap dat schtock"
 
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
 
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