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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 464959  
Subject: Re: Bank of America Buys Merrill Date: 9/14/2008 8:44 PM
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I'm telling you.... they are using this crisis as an excuse to pass deals on the cheap that ordinarily would take months of regulatory scrutiny.

the next news item will be that they are buying LEH debt at 0.20 on the dollar.

All done without direct federal taxpayer subsidy.

Now, AIG needs some help... will be interesting to see what kind of sunday night deal gets done for that.

The weekends are starting to be more interesting than the week in terms of financial news.
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