Roubini: BofA's Lewis 'Totally Overpaid' in 'Reckless' Deal for Merrill

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Ladies and gentlemen, say hellow to the new Fed-- BofA

Why is B of A buying Merrill lynch? B of A was financial stable now they are gambling with countrywide and Merrill lynch. I think B of A will be going under sooner than Wamu. It is impossible for B of A to remain financial stable with with taking over countrywide and now merrill. I am praying some of these risky deals fall apart. Its better for Merrill to go under than to have Merrill, B of A, and Countrywide to go under. Is Goldman Sachs going to survive this?

Who the H is Nouriel Roubini, he sounds like a terrorist, don't listen to this guy what are his credentials? Pretty Toxic? This kind of talk will perpetuate the woes. Lots of bargains out there now.

isolationism!!! we need it!!!

isolationism!!!!!! we need it!!!

Start watching people jump out of windows.

The Fed finally did something in the interests of The American People instead of bailing out Lehman and putting even more debt on them. You can hope that the Fed has learned it's lessons and is going to let the market take it's course, which will, in the long run be far better for our country. Now if we can only get the Congress to take over their constitutional responsibility and live within our means maybe the country can be saved..

isolationism!!!!!! we need it!!!

this has all been planned and predicted

my brother in law would say everything can go to zero, he's a short hedge fund trader, but i'm a cockeyed optomist and believe that the country and the economy will survive. BofA will get forebearance from the Feds and the ship will right itself over the course of several months.

it is a good deal....these tech ticker guys are idiots.

Who needs terrorists when you can have investment bankers?

I don't want come across as insensitive or unempathetic but it's called mutual survival. it was paid in STOCK... hello.

Roubini sounds like a suicide economist. He's simply copying Chicken Little and is saying "the sky is falling". He sounds like he knows what he's talking about, but I think he understands the maxum of predictions: No one will remember the calls you make that don't come true, but if you make a dire prediction and it does come true, you'll be able to say "Ah Ha" forever. Here's another maxum: A broken clock is correctly tells the time twice a day. (keep saying something and someday it will finally come true)

My money's on Bank of Ameria. Their M&A team hasn't gone wrong with their acquisitions thus far. Remember FleetBoston ($47B), MBNA ($35B), Lasalle Bank ($21B) were all done since 2007. Countrywide was a steal at $6B and will give BofA plenty of new revenue streams. Remember, the Merrill Deal is all stock, so where BofA goes, Merrill will follow.

Anytime anyone gives Roubini face time deserves kudos. Hats off to Aaron and Henry again. :) Unfortunately, the RGE monitor subscription price is beyond the reach of the common investor/mere mortals. If I could I would subsribe to it in a heart beat. By far its THE best work I've seen in a long time. Just sad they don't have "Money" magazine type subscription pricing. Perhaps something like Yahoo/WSJ could "acquire" the RGE Monitor and offer it more widely to the public. HINT HINT. Stop interviewing this guy and liscense this guys stuff and redistribute it to everyone. It would give a MAJOR boost toward providing valuable analysis to everyone.

Roubini sounds like a suicide economist. He's simply copying Chicken Little and is saying "the sky is falling". He sounds like he knows what he's talking about, but I think he understands the maxum of predictions: No one will remember the calls you make that don't come true, but if you make a dire prediction and it does come true, you'll be able to say "Ah Ha" forever. Here's another maxum: A broken clock is correctly tells the time twice a day. (keep saying something and someday it will finally come true)

"squeezed lemon - Monday September 15, 2008 05:22PM EDT it is a good deal....these tech ticker guys are idiots. " Obviously the market agreed with the tech ticker guys... BOA sold off instead of MER going up. Now who is the idiot. Go back to squeezing more lemons. You might even make enough lemonade to sell on your corner. Don't forget to get a business liscense to sell it on your street.

I agree, Roubini is an alarmist. Great entrepreneurs are risk takers in a calculated way because they see the payback down the road. Kudos to Ken Lewis. Maybe BoA will be the new Fed. :-)