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

I think we all could do with some positive attitude and positive thinking.

wake me up when it's over

dominos and derivatives; think about them.

Wages will need to increase over current wages to solve the housing problems. EOS....The Banking system will need to lower interest rates, and also sometime in the future extend the years for a home loan to 60 to 90 years and maybe 100 years as it is currently done in Japan...the monthly payments need to be lower....I'm currently invested in Silver and expecting Silver to hit $85 to $100 by 2009 to 2013. Fiat Money System all fail..EOS. Oct 2008 the Stock market going to experiance a powerful Crash..Oct 6th to Oct 9th is the expected dates. My cousin was V.P. of New York Goldman Sachs for 10 years. The current banking problems are real. Depression is the answer to solve it and the insiders know it...Be Prepared.....God bless Everybody

The rich get richer and the poor get poorer!THANKS to the bafoons in this world.

This all a bunch of "crock" This has ben in the plans for years. How can Seven men from various countries be in charge of the Federal Reserve? Our country was built on the backs of the poor. Now the people in this country are poorer than those in the undeveloped countries. We, the people should all march on Washington "fire" everyone in Congress and in the "House".

Where did they find this chicken-sht??? He's not the only Middle Eastern character trying to destroy America??? Why is Yahoo giving this guy ANY airtime??? Perhaps Osama paid them a good chunk of cash to help the demise of our financial markets???

AMEN to that!

It's time to let them all fall! What ever happened to the neocon's idea of free trade! This is a attempted bail out on a false economy, the money isn't there either, false securitys, false investments,and a Government run amuck! Get your money out now!!!

safrost24 your right middle class is done all we have is the rich man getting bailed out by the rich americans!

B of A overpaid. Should have waited 24 hours, then could have purchased for half the price. I guess now B of A is "too big to let fail", so TURN IT UP!!!!!!!!!!! Ken Lewis. Props to Reedersong. That's his line, but it cracks me up.

The move that BoA made may have been a corner stone move . with their taking controll of merrill they not only keep their doors open but they keep the panic off the streets so to say and out of the market. In a form they protect the value of their stocks and their subsids.Remember having strength and showing strength may be two diffrent things but both can be effective.

lol, Bank of America is going down. Acquired too many, too fast. It's like going to Black Friday shopping spree. And next thing you know, sufferring from whole bunch credit cards that are due.

This guy Roubini is a total publicity hound. First, he says banks are going to fail, then he says BofA paid too much. He is just looking for anything that will feed the fire. When things turn around and they will, BofA will have one of the premiere investment houses to grow their investment business. They are a huge financial company, but their brokerage business has always been second rate. Now they can change that and for a bargain price.

Wow Gimpy you are really smart. You sound almost as smart as that guy who I listen to on the radio at 1 am. He knows all that stuff plus he has seen vampires and knows where bigfoot lives too. Only he thinks George Bush is really dumb. You must think he is really smart if he was able to get NAFTA passed when Bill Clinton was president. And shucks I thought if the Speaker of the House is a democrat and the Senate Majority Leader is a democrat that meant the republicans don't have a majority. Hopefully we can elect the economic visionary Barack Obama president. And then maybe he will make Jimma Carter Treasury Secretary and Chuckles the Clown Secretary of Commerce! Then Obama can raise the capital gains tax to 30%. Then he can make sure that anyone who makes less than 50K pays no taxes of any kind. That would leave it up to all those mean people who make too much money to carry the load. THEN there will be prosperity for all and never ever ever a recession much less a depression. I just wet my pants.

What is the take on CITI Bank? My money is there ...

Even these guys haven't come up with a viable defense of making the purchase. It looks like the fed put some pressure on BofA to do the deal but its still a big question as to why they pulled the trigger on the deal. It looks like Merrill was completely over the barrel and would have had to have taken almost any reasonable offer from anyone. Thats got to be at least part of why they agreed to an all stock deal and didn't get anything in cash but even with that it looks to me like BofA payed way to much - regardless of what merrill may be worth its fairly clear that Merrill could have been had a lot cheaper. BofA overpaid and took on a lot of additional risk in the process - no wonder everyone is selling their stake in BofA.

With economic professors like Roubini, I understand why the financial system is so broken!

Wait for the future administration to sort out all this mess. Any one of two can do better job than present administation with low IQ.

Silver is currently in Wave 3 implusive movement higher ETF (SLV) is one of the best way to invest into Silver. It moves dollar per dollar with Silver prices. Fiat Money System is broken....Open your eyes..and hedge into real money Silver.....Target price $85 by 2009 $100 by 2013...Silver demand is higher than current production....it just don't get any better than that for investing. God bless