Lehman Said to Prepare Bankruptcy as Buyers Withdraw (BofA to pick up Merril Lynch)

[CAwireman]

Sept. 14 (Bloomberg) — Lehman Brothers Holdings Inc. prepared to file for bankruptcy after Barclays Plc and Bank of America Corp. abandoned talks to buy the U.S. securities firm and Wall Street prepared for its possible liquidation.

http://www.bloomberg.com/apps/news?pid=20601103&sid=axH8rBjWeJNc&refer=news

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But, BofA is looking at purchasing Merril

By Dan Wilchins and Elinor Comlay
NEW YORK, Sept 14 (Reuters) – Bank of America Corp on Sunday is in advanced talks to acquire Merrill Lynch & Co Inc, a deal that would give the bank the world’s largest brokerage and a sizable investment bank, according to people briefed in the matter.

http://www.guardian.co.uk/business/feedarticle/7797778

[Arty]

Add one more…Fed will accept “broader” set of collateral for loan…what’s the “broader” set? Junks that no one in their right mind will buy in the open market?

[Arty]

Add one more…Fed will accept “broader” set of collateral for loan…what’s the “broader” set? Junks that no one in their right mind will buy in the open market?

[Arty]

Add one more…Fed will accept “broader” set of collateral for loan…what’s the “broader” set? Junks that no one in their right mind will buy in the open market?

[Arty]

Add one more…Fed will accept “broader” set of collateral for loan…what’s the “broader” set? Junks that no one in their right mind will buy in the open market?

[Arty]

Add one more…Fed will accept “broader” set of collateral for loan…what’s the “broader” set? Junks that no one in their right mind will buy in the open market?

[CAwireman]

I think they are making up as they go – dancing on shifting carpets…..

[CAwireman]

I think they are making up as they go – dancing on shifting carpets…..

[CAwireman]

I think they are making up as they go – dancing on shifting carpets…..

[CAwireman]

I think they are making up as they go – dancing on shifting carpets…..

[CAwireman]

I think they are making up as they go – dancing on shifting carpets…..

[TheBreeze]

Why is BofA paying a premium for MER? And why such a massive premium? MER was trading for $17 on Friday and BofA is going to pay $29.

That’s ridiculous. The gubmint must be involved somehow.

[TheBreeze]

Why is BofA paying a premium for MER? And why such a massive premium? MER was trading for $17 on Friday and BofA is going to pay $29.

That’s ridiculous. The gubmint must be involved somehow.

[TheBreeze]

Why is BofA paying a premium for MER? And why such a massive premium? MER was trading for $17 on Friday and BofA is going to pay $29.

That’s ridiculous. The gubmint must be involved somehow.

[TheBreeze]

Why is BofA paying a premium for MER? And why such a massive premium? MER was trading for $17 on Friday and BofA is going to pay $29.

That’s ridiculous. The gubmint must be involved somehow.

[Author]

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