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Old 09-14-2008, 11:51 PM   #1
SINGLE
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Default market crash

Wall Street was in turmoil tonight as Merrill Lynch rushed to find shelter in a $35bn-plus takeover by Bank of America and Lehman Brothers appeared to be running out of options to save itself from becoming the biggest victim yet of the credit crunch. The moves cap a weekend of high drama which could lead to one of the most radical reshapings in the history of the financial district.

market crash watch 9/15/08
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Old 09-14-2008, 11:54 PM   #2
QUESTINY
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Default Re: market crash

Quote:
Originally Posted by SINGLE View Post
Wall Street was in turmoil tonight as Merrill Lynch rushed to find shelter in a $35bn-plus takeover by Bank of America and Lehman Brothers appeared to be running out of options to save itself from becoming the biggest victim yet of the credit crunch. The moves cap a weekend of high drama which could lead to one of the most radical reshapings in the history of the financial district.

market crash watch 9/15/08
Keep an eye on Wachovia next.
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Old 09-15-2008, 12:35 AM   #3
Zarathustra
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Default Re: market crash

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Originally Posted by QUESTINY View Post
Keep an eye on Wachovia next.
All my money was pulled out of Wachovia at the beginning of this month.
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Old 09-15-2008, 12:51 AM   #4
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Default Re: market crash

Here in North Carolina, Wachovia is a key piece of the economic foundation. Nearly one third the people in my neighborhood work there, so it's will get pretty crazy soon if that bank goes under.


It's amazing when I talk with people how they still have no idea what is going on......
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Old 09-15-2008, 12:54 AM   #5
Kahunamahalo
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Default Re: market crash

It's amazing how many people cannot see beyond peanuts & beer...
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Old 09-15-2008, 12:54 AM   #6
Occum's Butter Knife
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Unhappy Re: market crash

All the financial web sites are on death watch tonight for Lehman.

All we can do is let our family and friends know to prepare.

Some positive intention would not hurt also.
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