justsqueakingby.com » lehman brothers http://justsqueakingby.com Practical financial advice to revitalize your wallet. Thu, 03 Sep 2009 15:06:55 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 A Changing Landscape on Wall Street http://justsqueakingby.com/2008/banking/a-changing-landscape-on-wall-street/ http://justsqueakingby.com/2008/banking/a-changing-landscape-on-wall-street/#comments Mon, 15 Sep 2008 12:30:34 +0000 JSB http://justsqueakingby.com/?p=70 I find it unbelievable that Bank of America is buying Merrill Lynch for a 70% premium ($29/share). If you remember, earlier in the year they also picked up troubled mortgage lender Countrywide for a premium.

It’s amazing they would pass up a deal to buy Lehman Brothers which likely could of been had for a deep discount. Do you think that government played a role behind the scenes? Just how bad are Lehman’s books that nobody wants to but them?

]]> http://justsqueakingby.com/2008/banking/a-changing-landscape-on-wall-street/feed/ 0