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Originally Posted by Danzig
just saw that lehman will in fact file, they haven't got any other choice. i guess BofA announced their buy at the same time, or slightly ahead of the bankruptcy news, to help cushion the lehman blow?
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I think you are right. It makes you wonder though. If futures are down 369, how bad would they have been if the Merrill deal wasnt announced? Or maybe the merill deal just didnt have its intended effect.
In other news AIG is taking a beating (close at 12 friday and bid/ask around 6).
Also oil down to 94.