There's more financial news this Sunday night than on most weekdays.

[randomness]

Lehman Brothers looks like it's going to file for bankruptcy tonight.

Merrill Lynch is selling itself to Bank of America to avoid a similar fate.

American International Group has asked the Federal Reserve for a $40 billion loan.

It's the phase of the moon! :) Or the phase of the business cycle, anyway.

Comments

[evilmagnus]

Huh. Didn't see the ML thing coming; I wonder how BofA's going to justify that stock price, given their previous dilution with Countrywide (and all those yummy mortgages they inherited). I guess they're counting on becoming Too Big To Fail (tm).

[r-ness.livejournal.com]

At least it's a plan...