Today it was an eventfully day. Lehman Brothers is takeovering by...? -> We will see...
But I never thought that an investment bank like Merrill Lynch will be takeovered. Bank of America bought the bank for 50 billion USD. So with a bit luck and audacity you made much money today by speculating on market values.
Summary what happened in the last months.
- Bear Stearns takeovered by JP Morgan
- Lehman Brothers is shortly before the takeover
- Countrywide Financial takeovered by Bank of America
- Merrill Lynch takeovered by Bank of America
- AIG has much of problems because of false speculations with subprimes (look at the market value) as well as Wachovia Corp.
- Freddie Mac and Fannie Mae are big questions
- The aviation business has big problems because the oil price, especially Alitalia
For me, the gainers to date are Bank of America and JP Morgan. But also in the background are companies which benefits like HSBC, Goldman Sachs, Santander, Axa. And the losers: Citigroup, AIG, Wachovia.
Stocks tumble on Lehman, Merrill, AIG >>
Bank of America takeover ends Merrill's independence >>
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In this difficult time may you have a look to this site about safe invests.
6 Safe Places to Invest Your Money >>
