Bankruptcy ??????????????

India
September 15, 2008 6:36am CST
Hi mylotter!Whats happening with the US financial markets.First it was Bear and Sterns,last month it was Freddie Mae and Fannie Mac,now its Lehman Brothers.I heard that BA has bought Merill Lynch for $40 Billion.Is it the end of the financial woes or its the beginning?Whether Morgan Stanley and Goldman Sachs are in trouble too?Do you have idea of whats happening with those financial.Share your views.Thank You
1 response
@caver1 (1762)
• United States
15 Sep 08
I'm sure I don't know what is going on. Last week a radio talkshow host was predicting that Merill Lynch was going under and that Washington Mutual would soon follow. This only stuck with me because WaMu owns my mortgage. But that doesn't really change anything for me other than the who I'll be writing my check to.
• India
15 Sep 08
Thanks for sharing your views.Hope these woes will be resolved in the coming days.