If you’ve been living under a rock you might want to catch up on whats been going on in the U.S.

Merrill Lunch & Company Inc. was the third largest US investment bank and was also a global financial services firm. It survived wars, the Great Depression- but couldn’t survive the mortgage destruction in mid-2007.

On Sept.14.2008 is announced that it would sell itself to Bank of America for $44 billion. Thats like business prostitution. If Merrill didn’t sell itself, it would have ended up like the Leham Brothers: Bankrupt.

Fact: The economy is rapidly plunging down and taking the big dogs with it.

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This entry was posted on Tuesday, September 16th, 2008 at 7:33 pm and is filed under Celebrity news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.