Meanwhile on Wall Street

Via NyTimes:

In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis, while another prominent securities firm, Lehman Brothers, hurtled toward liquidation after it failed to find a buyer, people briefed on the deals said.

Hey but John McCain told me he is for reform, so I feel better.

Update I: Bonus stupidity from the McCain econ crew. (h/t Ben Smith). On the very day this happens, Donald Lushkin a McCain adviser writes an op-ed in the Washington Post (which ran the turd) entitled “Quit Doling Out that Bad-Economy Line.”

Published in: on September 14, 2008 at 8:22 pm  Comments (1)  
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One CommentLeave a comment

  1. Oh, I see now. It is okay for you to refer to what other people do (specifically, people you disagree with) as “stupidity”; that’s perfectly acceptable. But for others to do the equivalent in your blog comment section, regarding the words of the author, that’s a no-no.

    Good to know.

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