fancy buying out a bank, love?

[girlnextshore]

     So Merrill Lynch has been 'saved' by the Bank of America... and AIG has also been given money on federal reserve (the country now has 70% equity stake). I'm a bit torn on the nationalisation of these banks and insurers - a bit *rolleyes* on America gaining power on this but at the same time worried as the US Federal Reserve admitted that they'

Comments

[lonewolf304]

why it's me again! haha. spam-mode

[girlnextshore]

well done jan! i think when the dollar is weak, the peso and the pound go up.
but there's a different ratio between the pound and the peso so boo hoo. we can't win!

FTSE's gone up today so i'm keeping my fingers crossed.

real estate's gone off for a couple of months, it's not exactly the best time to buy.

[annerss]

Although BofA's been eyeing Merrill Lynch for the longest time, we still didn't think it was going to be this soon. That's the third acquisition in less than, hmm.. a year. I'm sure it'll take long before the next. For now, I'm just happy to be part of the acquirer vs. acquiree. I can just imagine how hard it is for those people affected, especially with the holidays approaching...

on the other hand, i hope all is well with you! :)