[quote=equalizer]$18 Billion dollar premium for MER. CEO Thain will warrant a nice little bonus. What financial problem? BofA, WFC, JPM will just buy out all the other banks, Wall Street problems solved. BofA wouldn’t pay massive premium if MER had any problems (unless they secretly transfer all debt to Uncle Sam).
In election year, feds will do whatever it takes to stem the tide. [/quote]
BofA claims that they only bought the mortgage servicing business from Countrywide (instead of buying the whole outhouse, they are just claiming the valuable unused TP). It’s likely that they are going to try to do the same thing here with MER. Actually, I think this deal is a sham and it will never go through.
