Dude, BAC bought CFC, and now we're stuck with all the good and the bad. There was no arm twisting, there was just BAC money already invested, and Lewis decided to throw good money after bad.Lewis definitely paid too much for MER, but CFC was an entirely different story. It was a bad acquisition made by a power hungry CEO who should have cut his losses (our losses, actually). He should have let CFC go belly up.I know this is easy to say after the fact, but trying to go after anyone at this point is useless. The CEO made a bad decision, the shareholders are now paying for it. Welcome to corporate america.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat