What We Know So Far
- Posted by UpsideTrader
- on September 14th, 2008
Bank of America is in talks to by Merrill Lynch at $25-30 and could be announced as early as tonight according to the N.Y Times and the Wall ST. journal.
Barclays and Bank of America have walked away from Lehman and liquidation/ chapter 7 is next. (this could change but I doubt it)
Wamu is still in hot water- will JPM be a white knight?
AIG will be talking about a massive restructuring in the morning.
The market will be off the hook tomorrow—capitulation anyone? Sold to you…
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Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
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