CREDIT CRISIS INVESTMENT : BANC OF AMERICA INVESTMENT SERVICES INC ACCOUNTS.
Credit Crisis Investment
Merrill Lynch Calling for Help!
Following the spectacular collapse of AIG and Lehman Brothers in September 2008, Merrill Lynch & Co. knew that its days as an independent investment bank were numbered. It sought help from other banks and agreed to a buyout from the Bank of America for USD $50-billion.
I thought the police cruiser in the back fit the title that "Merrill Lynch Calling For Help" quite well. In reality, the police car was blocking off traffic for the Toronto International Marathon held on 2008-09-28.
mysterious man in the background
The boss of the Dutch National Bank was giving a speech on the credit crisis and he had his picture in the papers.
But behind him was this out-of-focus figure. Is it a painting in the background? One of the bank gnomes of Zurich? Or one of those men-in-black that secretly govern world affairs?
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