Display:
I'm reading conflicting stories about just who is going to get Merrill Lynch: either AIG (though in other stories, I read that AIG is frantically trying to raise cash), or BoA (I read more detail about the BoA deal to get Merrill Lynch - $44 - 50 bn in stock @ roughly $30/share - so this story seems more credible).

It's a mark of just how much the landscape has shaken Wall St up, that I see conflicting reports like this.

Be a good time the buy oil stocks, though. The coming slump in the USD should create a bump in the price of crude.

Speaking of which, I forget what I predicted exactly for the price of crude come Dec 31, but I recall that it was on the high side. Keep the champagne chilled, Jerome, s'il vous plait :)

"It Can't Be Just About Us"
--Frank Schnittger, ETian Extraordinaire

by papicek (papi_cek_at_hotmail_dot_com) on Sun Sep 14th, 2008 at 11:09:52 PM EST
[ Parent ]
AIG isn't buying anything.  AIG's trying to avoid collapsing.  BoA's buying Merrill for $29/share (about $44bn).

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Sun Sep 14th, 2008 at 11:15:24 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series