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Thoughts, phrases, notes
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Published: 13 years ago
This is a reply to # 1,258,175

Thoughts, phrases, notes

For the past couple of hours, I've been gathering bits and pieces from various sites, trying to decide if htis dread I was feeling called for serious action. Here are my notes, just as I wrote them. Sorry I didn't write down the sources. They're out there...

Bank of America buys out Merrill Lynch for $44 Bill (others- $50 bill)

BOA already bought Countrywide earlier

BOA would control largest force of stock brokers, credit card companies, auto loans, bond & stock underwriting, merger advice, wealth management

CEO of Merrill Thalin knew if Lehman went down he wasn't far behind

US stocks plunge 300+ points as Asia opened

USD falls sharply

Europe falls 3.5-4%

Freddie Fannie USG bailout last week- USG says no more to Lehman/on your own

"flight to quality" -from AUS commonwealth

AIG asked Fed Res for a $40 bill bridge loan, knocking down 2 yr USG debt yields

Stocks in AUS, Sing, Taiwan drop 3-4%, India 5%

"markets tense and volatile over next 48 hrs"

Fed Res will cut rates Tues

105.88 yen to USD... 1.1165 Swiss francs to USD... 1.438 euro to USD

Spot gold $778.85

More in a minute-


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