Jimanders

BofA's Merrill Purchase: Good for America, Bad for Them

It would be hard to comment without restating want has been said. But I agree with the view presented - and BofA has used their clean Balance Sheet to help the overall system. At the time - having ML go down would have caused additional panic to an emotional economy. The one thought was that BofA could have changed the terms and reduced the cost to shareholders. Second - I really hope that the entire story - who knew what - who talked to who - what was said but not written or reported by the Feds, BofA and ML during the process which would help provide a better understanding of why. My sense is there is more to the story and events which would add some understanding. However, if true - ML executives and especially the CEO should be prosecuted and punished.