Sunday, September 14, 2008
We finished painting the computer room today and I'm back online. Too tuckered to think up a post though... Interesting non-sci-fi-related day too. My husband works for Merrill Lynch. If anyone here pays attention to financial markets you may know why I mention the fact that Bank of America just bought Merrill for a reported $44 billion. Whew. The financial markets are taking a beating. The sub-prime mortgage mess just isn't going to go away quietly. Merrill was one of the last independent brokerage firms left, but now that Lehman Bros. is filing bankruptcy, Merrill has to find a way to swim before they sink with Lehmans. It's going to be a chaotic day on Wall Street today. The deal with BofA won't close until the beginning of 2009 and I doubt it'll affect my husband's job in the near term. But it is a little scary to think of what it might do some retirement accounts. One of my husband's partners is supposed to retire in 2 years and this could really gut his retirement account. Suuuuucks. The DOW is going to throw a hissy fit today.