CNBC.com reports: Bank of America, Merrill Lynch in merger discussions: WSJ (More details to come)
Whoa...
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Yes...makes sense...if Lehman goes down...Merrill is fucked...might as well get ready...
Jesus Christ...this is bad...and the freaking Fed won't blink...
what a horrible time for this industry.
my jaw dropped when i saw this.
I can't believe I just read that! This industry is exploding and consolidating simultaneously right before our very eyes.......
Fed's done bailing out banks. No more "too big to fail" in their eyes.
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