Thursday, 25 August 2011

Rumor of take over?

There is unconfirmed rumor circulating in wall street that Bank of America is on the verge of be taken over by JP Morgan, in a deal supported by the government. Below is the article;

JP Morgan may take over Bank of America

If that is true, history has repeated itself again. It will be the same deal in march 2008. You should know what follows after that.


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