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American International Group, Inc. Message Board

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  • stocker4949 stocker4949 Sep 12, 2008 5:08 PM Flag

    LEH buyout by BAC will trigger STRONG RALLY in FINANCIALS

    You are missing some other important information with this buyout. LEH is arranged by the Fed to be split into 3 parts and the buyout will be among BAC, JC Flower and CIC. The government won't get involved this time to provide any financial guarantee, but only making sure LEH will have to accept what's on the table by these 3 bidders. Big rally next Monday is less likely. However it will stablize the market condition from deteriorating further. I'd rather to see a calm market next Monday instead of a big explosive reaction like last Monday and followed by 280 points drop the next day. Market cheered this Monday because government got involved in FNM and FRE and provide the guarantee for all the loan notes. This time government is not providing any guarantee to any of the 3 bidders.

 
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