Watching these financial institutions get crushed makes for some interesting reading.
Of course, since I work in the shorts stock marketing, I
have no information or way to know if Bank of America would buy Lehman.
But, the amount of leverage they were using
must have been so large they couldn't get their hands uncuffed at
Lehman. So many billions of dollars down the toilet for investors and
employees.
It will be too bad for all the people out of jobs
and all the people who have lost money in what should have been a very
stable company.
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