GolfHos

General => The Cantina => Topic started by: gleek on September 14, 2008, 06:08:55 PM

Title: [Economic Doom 'n Gloom] Investment banking collapse
Post by: gleek on September 14, 2008, 06:08:55 PM

~~Bear Sterns~~
~~Lehman Brothers~~ (http://www.nytimes.com/2008/09/15/business/15lehman.html)
Merrill Lynch

Title: Re: [Economic Doom 'n Gloom] Investment banking collapse
Post by: Aske on September 14, 2008, 06:13:58 PM

not banking per se, but AIG is set to fail as well I have read

Title: Re: [Economic Doom 'n Gloom] Investment banking collapse
Post by: Fuzzy on September 14, 2008, 06:27:57 PM

Quote from: gleek on September 14, 2008, 06:08:55 PM

~~Bear Sterns~~
~~Lehman Brothers~~ (http://www.nytimes.com/2008/09/15/business/15lehman.html)
Merrill Lynch

Quote

NEW YORK - The boards of Bank of America and Merrill Lynch have appproved a roughly $44 billion purchase of the brokerage by the bank, the Wall Street Journal reported on its Web site.

http://www.msnbc.msn.com/id/26708958/

Title: Re: [Economic Doom 'n Gloom] Investment banking collapse
Post by: gleek on September 15, 2008, 08:46:06 AM

The offer price for MER is $29. This morning it's been trading around $21.50. Most people are betting the deal gets killed.

Title: Re: [Economic Doom 'n Gloom] Investment banking collapse
Post by: gleek on September 15, 2008, 03:38:15 PM

MER closed at 17.06 (+.01). Up a *goshdarn* penny. Who's still whining?