Just In - Bank of America Buying Lehman Brothers (Correction Merrill Lynch )

[Roadwarrior]

Just Heard it on CNBC ............... (correction.....they bought Merrill Lynch)

 

[Americanhero1]

They were talking about this on cnn a couple of days ago

[Roadwarrior]

Supposedly Barclay's pulled out and there was
an article on Bloomberg predicting the worst ....

Drudge has his usual articles forecasting failure, catastrophe
and apocalpse

[Baltimore]

I am not saying you heard this but I am saying it would be foolish for Bank of America to do this (if the Government is not playing some role in it).

I actually just started a thread predicting financial disaster if Lehman is not bailed out by morning. We shall see...

Oh and just to stress something I said in another thread. The Government SHOULD NOT bail out Lehman Brothers!  This is not a socialist country.

My other thread is here:
http://jtf.org/forum_english/index.php/topic,26126.0.html

[Roadwarrior]

Its weird ..I didnt see your your thread when I posted ....

Paulson apparently said no to a direct fed bailout ...
which is good ...then the auto companies would be next
and capitalism is dead

a tsunami would have unfolded ....
the morning of the bear stearns debacle was also a nail biter
and could have been a disaster

i'll also check out the other thread ...thanks

[Roadwarrior]

Sorry ....I misheard the announcement

Bank of America is buying Merrill Lynch ...........


I was too keyed up on the Lehman Bros situation

[nopeaceforland]

They were talking about this on cnn a couple of days ago

Okay, you're banned! You watched CNN, that's a no no!

[Americanhero1]

Okay, you're banned! You watched CNN, that's a no no!

[Baltimore]

Sorry ....I misheard the announcement

Bank of America is buying Merrill Lynch ...........


I was too keyed up on the Lehman Bros situation

Ok with that out of the way do you agree with what I said in my thread:
http://jtf.org/forum_english/index.php/topic,26126.0.html

...That Monday is not going to be a good day for the financial markets and that we may be in for some unprecedented financial happenings in the next 24 to 48 hours?

It may look bad but we actually NEED this to happen. The bubble must burst and things have to really unwind.

[nopeaceforland]

A little hasty aren't we?

[Americanhero1]

A little hasty aren't we?

[nopeaceforland]

Sorry, Snake!

AH: Are you a computer programmer or something to that effect? You always use images.

[Americanhero1]

Sorry, Snake!

AH: Are you a computer programmer or something to that effect? You always use images.

 I am not computer programmer