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Author: DoctorOptimist Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 461288  
Subject: Re: Kudos To Paulson Date: 9/14/2008 9:46 PM
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Agreed!

Learning more of these details, it seems that Lehman was a sacrifical lamb... too many problems to solve in one weekend. Merrill board didn't want that fate, and somehow got a 70% premium bid by BOA.

This leaves Goldman and Morgan Stanley as independent investment banks... five majors now down to two.


This is a major consolidation, will reduce the future shenanigans and reduce the future systemic risk. This is all a net positive.
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