Quote:
Originally Posted by NoKegger4U  I found it to be very informative. but I think they were being a bit bleak with their forecasting. |
i didn't really grab any of the forecasting..
i thought it was a pretty interesting showing of how the government basically forced the TARP money onto them (banks) to essentially nationalize the banks. forcing the merger between ML and BoA. ML sneaking in the comps... BoA head guy not wanting to go thru with it, but essentially threatened to lose his job if not (by the feds). going thru with the deal and then getting thown under the bus by Congress and then losing his job anyways.
there were some pretty strong words and issues last night.