JP Morgan has agreed to take over the collapsed bank for $2.00 a share.
http://online.wsj.com/...
I've told friends that we could go from recession to depression without every knowing we were in recession..
This is going to be very bad for the markets on Monday. Fed intervention is inevitable but there isn't much they can do with the falling dollar.
For 6 years I've been saying that it felt like we're living in 1930's Germany with the rise of the Neo-Cons.. Well after tomorrow we might be feeling more like WWI Czarist Russia Bankrupt from an unpopular war.
The war will end when we can't afford it any longer. George W. Bush has never had to balance a checkbook, has never had to worry where the next meal is coming from. He has bankrupted our country.
God Bless us all.. God Save America..