“With dying subprime and jumbo markets and tightening mortgage credit, something that for decades was believed impossible, suddenly became inevitable — real estate prices began to fall. As a result, the tentacles of the credit crisis snatched another victim — Home Equity Loans and Home Equity Lines of Credit (HELOCs). These loans, commonly referred to [...]
I don’t think anyone wants to see the U.S. market go down. I don’t. However, this is the age of pragmatism, not perpetual optimism. The U.S. has borrowed up to its capacity, and now instead of supporting the economy by borrowing and spending, we are going to have to start scrimping and paying down the [...]
Merrill Lynch agrees to $50 billion bid from B of A
Wary of the global financial storm, firm accepts $29-share all-stock proposal
By MarketWatch
Last Update: 9/15/2008 9:49:00 AM
NEW YORK (MarketWatch) — Merrill Lynch & Co., navigating in a global financial
storm, agreed to be bought by Bank of America Corp. in an all-stock deal the
companies valued at $50 [...]
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