Here we go … – Bank of America buys Countrywide Financial in a stock deal for 4 bln$. – JP Morgan is rumoured to snap up Washington Mutual or somebody else. CNBC says, they want to do something! – Buffett is said to consider buying a troubled bond insurer. Ok, we used to see Asian [...]
NY Times has a story, that Merill Lynch will have to take Q4 write offs of around 15(!!!) bln $ … just double of expectations … AXP takes surprisingly another charge and trades down close to 8% … showing, that subprime really spills over now. As I mentioned yesterday, the BoA story is NOT positive [...]
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