BofA takes out Merrill Lynch

[norcaljeff_IHB]

Still a rough market out there. I'm surprised you can still get capital for real estate. http://tinyurl.com/6nxpya

 

[Trooper_IHB]

Lehman just declared Chapter 11 bankruptcy.

 

[Trooper_IHB]

They are also saying "<strong>The biggest shakeup in the history of the U.S. financial system is taking place</strong>." Hold on to your hats in the A.M....it's gonna be ugly.



Good thing the Asia markets are closed due to a holiday. The only one open is Taiwan, and it's down around 4% already.

 

[Shooby_IHB]

I have a feeling there won't be much left that's still standing in the financial system to shake up.