Rate cut will be just like gasoline on fire here for US Dollar. Gold will fly.
"Merrill and BofA begin acquisition talks
By Francesco Guerrera in London
Published: September 14 2008 22:13 Last updated: September 14 2008 22:13
Merrill Lynch is in talks to be acquired by Bank of America in a sign that the crisis gripping Lehman Brothers is forcing rival investment banks to seek partners to avoid suffering the same fate.
People close to the situation said Bank of America had entered discussions with Merrill after pulling out the bidding for Lehman in a dramatic about turn partly prompted by the US government’s refusal to supply financial help for a Lehman takeover."
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