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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (70366)	9/15/2008 1:00:36 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 74559

Now that Bank of America is stocked up on Merrill Lynch, that leaves more leeway for Barclays to swing a deal on Lehman Brothers because Bank of America will be less likely to take on another one right now. It was probably an either/or situation. It makes sense to rationalize the assets into a going concern rather than just shut it down and liquidate the assets. Perhaps the USA will see the merit of attracting $20bn or so from sovereign fund/Barclays to help boost things and will be willing, when under more pressure, to agree that it's worth it to keep things going nicely. Mqurice