Bank of America agrees to buy Merrill Lynch for nearly 50 billion

[jakncoke]

http://biz.yahoo.com/ap/080914/merrill_bank_of_america.html

good news, yes? dunno what this effect and what not but loads of money is being exchanged.

[LiNuX]

well its alright for merrill lynch even though they are getting paid less than what they were worth at the beginning of 2007...and the economy hasn't really been friendly to them so yeah...and BOA probably sees it as the opportunity to expand

at least an european company didnt agree to buy it lol - that wouldn't be good news for us