Demolition Man coming right up!! As I have been saying for a while now: soon there will be a financial singularity. One that consist of a few or one mono company/military that tries to rules the world.
Many staple financial institutions are closing: Lehman Brothers, Merrill Lynch, a hundred year old company; closed…are you serious? Once “they” can organize a financial monopoly the rest is history. When we fall into the wake of its event horizon, peril will be a matter of finite time.
“Bank of America plans to buy Merrill Lynch in an all-stock $50 billion deal, pending approval by federal regulators and shareholders of both companies, the bank said in a statement. The transaction is expected to close in the first three months of 2009.
“By adding Merrill Lynch’s more than 16,000 financial advisers, Bank of America would have the largest brokerage in the world, with more than 20,000 advisers and $2.5 trillion in client assets,” the bank said.”