Under the mattress is the safest place!
Bank of America got Merrill Lynch for a good price. I suppose at some point they will stick a capital 'T' "The" in front of their name after this. BoA looked at Lehman, but decided they were a lost cause without government backing and jumped on Merrill who was healthier. At the end of this mess BoA is going to be a juggernaut. I think I need to start complaining about the interest rate I'm getting on my checking account...
AIG does not look to be in a good position. Don't know who is willing to take on that risk.
I've been wondering when Ford/GM will ask for a bailout. They are both bleeding cash, and will eventually go through their reserves. Then I saw this on over the weekend:
http://www.washingtonpost.com/wp-dyn...091203341.html
Sounds to me like a "we bet everything on gas-guzzlers, can you please loan us money cheap while we retool our factories for small fuel-efficient vehicles that the Japanese have a 20 year head start on" whine.
Re: Regulating Fannie and Freddie
Originally Posted by drone
Under the mattress is the safest place!that all these other numnutzes have done?
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