As many of you know, I previously worked for MBNA who was the largest independent credit card company. Well, literally days after I left MBNA for Deloitte, it was bought by Bank of America. Making BofA a MAJOR player in the credit card market.
This year BofA also bought Countrywide, the largest mortage broker in the US. Today, they announced that they bought Merrill Lynch. All I can say is WOW! I can't wait to see their quarterlies. I wonder how much of the "assets" that they have bought are uncollectable. I'm also curious to see how their stocks open on Monday.
I wonder whether they'll buy AIG and Lehman too. I'm also surprised that the SEC is commenting further. There are no Sherman anti-trust concerns? They are a huge part of the financial services sector now.
P.S. Yes, I know that I am dork.
1 comment:
You should totally make the lemon curd recipe if you can't find it at TJ's. It's so easy and yields a good jarful. Only "problem" is that you have to eat it within a week. :)
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