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Bank of America Buys out Merrill Lynch
From webmaster:
In a rushed bid to ride out the storm sweeping American finance, 94-year-old Merrill Lynch & Co. agreed late Sunday to sell itself to Bank of America Corp. for roughly $50 billion, including restricted stock and vested stock options.
bank
collapse
buyout
banking
failure
Chart - total borrowings through the roof
From webmaster:
Total borrowings of depository institutions from the federal reserve. Borrowings to cover losses have gone stratospheric. Source: http://research.stlouisfed.org/
bank
collapse
buyout
banking
failure
fed
debt
depression
money
crises
bubble
chart
loss
bank
borrowing