Sunday, September 14, 2008

Shit, Meet Fan

The long running financial tsunami innundated a couple or three more longtime financial icons this weekend.

In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis while another prominent securities firm, Lehman Brothers, hurtled toward liquidation after it failed to find a buyer, people briefed on the deals said.

What next?

I wonder if the Republic is going to last long enough for the American people to make another catastrophic blunder. They seem headed for it.