European Tribune - Comments - Lehman: more socialising the losses of the rich

Lehman: more socialising the losses of the rich | 200 comments (200 topical, 0 editorial, 0 hidden)

Well, it's all stock, so it's not as if they're spending Real Money™.

As I understand the deal is contingent on an analysis of Merrill's balance sheet. So if Merrill is an empty shell, BofA gets to walk away.

The plan seems to be that there's still some real value there, somewhere.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Sep 15th, 2008 at 08:37:19 AM EST
[ Parent ]

Re: Lehman Files (none / 0)

Presumably there's at least some real value left, but probably not $44bn worth. Depends on how deep Merrill was in Big Shitpile.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Mon Sep 15th, 2008 at 08:54:36 AM EST
[ Parent ]

Re: Lehman Files (none / 0)

Future prospects. (Huh?)

Also, big boss of BofA seems to enjoy shopping.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Sep 15th, 2008 at 10:15:47 AM EST
[ Parent ]

Lehman: more socialising the losses of the rich | 200 comments (200 topical, 0 editorial, 0 hidden)

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