Bank of America
Wall Street is a mess. Bear Stearns, Lehman Brothers, Merrill Lynch are just a few of the disasters. However, the Walmart of the financial industry is rising like the armies of Alexander the Great to gobble up the failing players. Bank of America’s purchase of Countrywide mortgages months ago was a strong positioning of a top five Bank into the residential mortgage market. Now, BofA is sucking up the stock brokerage abilities of one of our nation’s most successful investment houses. Merrill Lynch’s stock brokers will ultimately be absorbed into BofA’ s massive branch locations. For you Star Trek fans you can understand Bank of America’s manuevers if you have seen the episodes about the Borg. For failing investment banks and failing national banks resistance is futile. Bank of America is emerging as the only sound financial institution in the marketplace. Watch, listen and learn. This drama is going to provide a lot of lessons on how 21st century American capitalism works.AH
Mike on 15 Sep 2008 at 12:17 pm #
Maybe thats what we need, the government can profit off of everything we do then get into debt in the trillions and not pay interest on money they borrow from us.. BofA could by the government, then the USA could be controlled as a business and when the economy sucks, USA, Inc could then lay people off.. HAHAHAHA.. Something has to give soon.. I sure hope Im not fighting to stay ahead for nothing!