iflove Archive for September, 2008

Washington Mutual Solvency Fears Grow as Standard and Poor’s Downgrades Its Credit Rating. NEW YORK ― Ailing bank Washington Mutual Inc. appeared headed toward a sale Wednesday after a major investor removed a potential stumbling block and nervous banking regulators began approaching the most logical buyers.
The New York Times, citing unidentified people familiar with the [...]

Bank of America is angry, to some extent. For Merrill (MER) is back. But, could the Fed’s bailout lead to a renegotiation (or termination) of the Merrill (MER) – Bank of America (BAC) deal?  Certainly seems possible. OK, read the story first:
If the Fed had introduced its bailout a week ago, Lehman Brothers (LEH) would [...]