OMG!!!

WTF???

LOL!!!

Now that those exclamations are out of the way...

Bank of America might be interested in being a white knight for free-falling Lehman Brothers. Why they would consider this without a tremendous safety net (especially since it has MBNA and Countrywide messes to clean up) is completely beyond me.

Unless the deal was similar to JP Morgan Chase's buyout of Bear Stearns (which meant up to $29 billion in potential losses being backed by the Feds, i.e. us), I don't see how they would seriously consider an acquisition.

They've done stupid things before, though.

Posted by: Francase at 07:45 PM | No Comments | Add Comment
Post contains 105 words, total size 1 kb.