A quick thought on a huge and deep problem. Where is the due diligence? Should it be a surprise that Bank of America had a huge loss on its acquisition of Merrill Lynch? They went to a weekend meeting in DC to work to save Lehman Brothers and wound up buying Merrill. I did more due diligence on the last car I bought. (Mean Street)
Cheers, Mike
Wednesday, January 21, 2009
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