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Bank of America is Overpaying for Merrill Lynch
I just cannot figure out what they are smoking at Bank of America to pay $44 billion for Merrill.
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Tumultous Weekend - Merrill Lynch Sold to Bank of America; Lehman Close to Bankruptcy
In the blink of an eye, two icons of Wall Street look like they may cease to exist as independent companies. In a surprise move, Bank of America looks set to purchase Merrill Lynch. After scrambling unsuccessfully to find a buyer, Lehman Brothers is preparing to file for bankruptcy.
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Greenspan on CBS's This Week Says More Financial Failures Probable
Former Fed chief Alan Greenspan said today on CBS's This Week that more major financial institutions may fail and that the government should not protect them all.
Read →Even though there is talk about the Fed lowering rates in the future, most banks raised their cd rates over the last couple of days. Here's a recap.
Read →Amtrust now has the highest yield 6-month CD according to the BestCashCow rate table.
Read →E-Loan is offering a 3.85% APY Savings account with a deposit of $100,000 and monthly deposits of $100.
Read →Washington Mutual, stung from billions in mortgage related losses may be forced to sell its branch and deposit branches in order to raise money to stay afloat, says one analyst.
Read →WaMu raised the rate on its 12 month CD back to 5% APY after briefly dropping it to 4.5% APY. This is the top rate in the nation according to the BestCashCow rate table.
Read →Kerry Killinger, the now ex-CEO of Washington Mutual joins other CEOs from financial services companies in the unemployment line.
Read →How will the seizure of Fannie and Freddie impact you in your day-to-day lives? Read on.
Read →The government finally stepped in and seized Fannie Mae and Freddie Mac, putting it out of its housing bubble induced misery. Everyone stands to benefit except for the US taxpayer, who is now on the hook for billions.
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For the Moderately Rich, An Obvious Strategy
Anyone with between around $1 million and $10 million in money market funds can follow this strategy.
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A Sumsung - Sandisk Acquisition?
Samsung and Sandisk have confirmed discussions about an acquisition. This would be a brilliant move for Samsung, but doesn't serve Sandisk's shareholders well at all.
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I Warned You About Nokia
Nokia's warning today was a long time in coming, and it isn't any surprise. To be certain, this isn't a "buying opportunity". Steer clear.
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IPhone 3G Faces Same Problem as 2G Version
The problem with the iPhone 3G is ATT,just as it was with the iPhone 2G.
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