Announced this morning, Pfizer will be buying out Wyeth for a total of $68 billion cash, stocks and debt. Â
That’s right, banks have agreed to put up $22.5 billion for the Pfizer buyout of Wyeth.
Now we know where our money is going, mega mergers. Â
Not only is Pfizer taking some money from the banks to [...]

PNC buys National City (NCC) in an effort to save the regional bank form certain failure. Regional banks are still a good source of money, as individuals and small business use them for time deposit (CD) allowing PNC to increase their customer share.
We’ve been watching National City (NYSE:NCC $1.97 on 10/24/2008) for a while now [...]

I hadn’t thought of this yet, but Bank of America (NYSE:BAC, 24.40 on 10/21/2008) is now, literally, a Bank of America .  The US government owns a percentage of BAC, along with everyone in the country.  Bank of America depositors consist of about 50% of all families in the US. Â
How will that change banks in the [...]

In an amazing step forward for US policy both internally and externally, the Treasury announced it has plans to buy equity in private banks.
That’s right, the federal government will be spending part of the $700 billion bailout bill, to buy equity in private banks across the country. Â
Is this better or worse than the previous [...]

WaMu becomes the 13th bank to fail in 2008, and the largest bank failure on record based on assets. The closets was Continental Illinois who’s 40 billion dollar failure occurred in May 1984
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However one man’s failure (garbage) is another man’s success (gold). This is the second major acquisition for JPMorgan Chase this year. After the [...]

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The Bush administration is urging congress to quickly pass a bill supporting the 700 Billion dollar bailout of American Financial firms, which have fallen pray to current market conditions. Congress however, which holds the ability to make such a rescue law, does not seem to want to let go of the cash with out at [...]