Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: valueminded who wrote (60919)	5/27/1999 3:55:00 PM
From: Freedom Fighter	Respond to of 132070

Chris, >>imo, either cmb has lost its mind (ie doing the deal) or its just another rumor<< The last thing on earth I would want to own right now given my view of the financial excesses is either a bank or broker. Then again maybe they deserve each other. They can give each other a lot of overvalued paper and pretend like it has loads of value. As a matter of fact if I owned one these things I'd be taking it public and raising as much cash as possible. Rats! GS beat me again <g> Wayne

To: valueminded who wrote (60919)	5/27/1999 5:46:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Chris, The truth is, none of the crappy cos. buying back their stocks pays 5.9% for interest on their long bonds. AT&T is paying 7.6% on their long bonds, and that is a much better credit than most. I think CMB could buy Merrill. Dumb, but not the way they think. They want to get into investment banking and Merrill is definitely there. When they write off the losses and spin it off again in 10 years, folks will applaud them for returning to "core" businesses. But I think CMB cannot stand C going out and buying Travelers and becoming bigger than them. They want to find a way to lose money even faster than Citi. And Merrill is a perfect answer. <g>