Win a copy of Programmer's Guide to Java SE 8 Oracle Certified Associate (OCA) this week in the OCAJP forum!
  • Post Reply
  • Bookmark Topic Watch Topic
  • New Topic

Merill Lynch

 
Pradeep Balasubramanian
Ranch Hand
Posts: 75
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
What happened to Merill Lynch and Lehman Brothers Co. ?

Such an oldest serving banks , no more ?!!

unable to believe !!
 
Akhilesh Trivedi
Ranch Hand
Posts: 1608
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Have fun.
 
Pat Farrell
Rancher
Posts: 4678
7
Linux Mac OS X VI Editor
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Make bad loans, and if you get caught, you lose. They lost. Like Fannie Mae, Freddie Mac, Bear Stearns, Merril Lynch was bought for a fraction of what it used to be worth, Lehman wasn't worth enough, so it went bankrupt. AIG is being nationalized.

All the stocks are wipped out, some of the employees may keep their jobs, lots of them will be fired or laid off.

Moral of story: don't make bad loans.
 
Pradeep Balasubramanian
Ranch Hand
Posts: 75
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Does these financial buyouts/bankcrupts in US has any impact in India ?
 
Arjun Shastry
Ranch Hand
Posts: 1898
1
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Those having operations in India or any other country will get affected.
 
Pradeep bhatt
Ranch Hand
Posts: 8933
Firefox Browser Java Spring
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
What about Fidelity. Will it also collapse
 
Akhilesh Trivedi
Ranch Hand
Posts: 1608
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Originally posted by Prad Dip:
What about Fidelity. Will it also collapse


Last year they had nice shopping.
 
Pat Farrell
Rancher
Posts: 4678
7
Linux Mac OS X VI Editor
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Originally posted by Pradeep Balasubramanian:
Does these financial buyouts/bankcrupts in US has any impact in India?
Directly, unlikely.
But it will make all investors in the world be nervous, and they will therefore be less likely to lend money to anybody for anything. This will make business expansion harder.

And for a few million folks, they have lots a lot of money, so they won't be buying stuff for a while
 
  • Post Reply
  • Bookmark Topic Watch Topic
  • New Topic