Archive for the ‘mike stathis’ Category

BANK OF AMERICA, MERRILL BAILOUT DISGUISDED AS BUYOUT?

Friday, September 19th, 2008

Where is the US$50 million to bail out Merrill Lynch coming from? As investment analyst Mike Stathis says, "The banks certainly don't have it. It is coming indirectly either from the Fed or the U.S. Treasury." The following article was posted at Information Clearing House. Bank of America's buyout of Merrill ...