Merrill Lynch & Company Inc.
MER: NYSE; Financials/Investment Services
September 15, 2008, New York Times
Thesis:
On Sept. 14, 2008, Merrill announced that it had agreed to be purchased by the Bank of America, rather than run the risk of being pulled under by turmoil surrounding the industry, as Bear Stearns and Lehman Brothers had been.
Class Connection:
The class connection I found is that when classmates gave their advice they all were federalist, anti-federalism or neutral. Those who were anti-federalist thought that it would be best for the government to not step in and let the companies work it out. Those who were federalists thought that the government should step in and probably print more money. Those who were neutral thought that they should wait a bit then the government should do something.
Personal Response:
My advice for the Federal Government for solving the current financial issues with Lehman & Merrill Lynch & the stock market is to not do anything. The way I look at it is that it has to get worse before it gets better. I don’t think that the government should change the rules for them at least not now they should wait a bit and if it continues then they could probably change the rules a bit. I don’t think that the government should print more money because I that would just lead to inflation.
MER: NYSE; Financials/Investment Services
September 15, 2008, New York Times
Thesis:
On Sept. 14, 2008, Merrill announced that it had agreed to be purchased by the Bank of America, rather than run the risk of being pulled under by turmoil surrounding the industry, as Bear Stearns and Lehman Brothers had been.
Class Connection:
The class connection I found is that when classmates gave their advice they all were federalist, anti-federalism or neutral. Those who were anti-federalist thought that it would be best for the government to not step in and let the companies work it out. Those who were federalists thought that the government should step in and probably print more money. Those who were neutral thought that they should wait a bit then the government should do something.
Personal Response:
My advice for the Federal Government for solving the current financial issues with Lehman & Merrill Lynch & the stock market is to not do anything. The way I look at it is that it has to get worse before it gets better. I don’t think that the government should change the rules for them at least not now they should wait a bit and if it continues then they could probably change the rules a bit. I don’t think that the government should print more money because I that would just lead to inflation.
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