Merrill Lynch
Have you heard that Merrill Lynch is getting bought out by Bank of America. A myriad of Lehman Brothers shareholders had been praying that Bank of America would choose to buyout them, so as to salvage some of the stock price, but they’ve chosen Merrill Lynch instead. Those Lehman Brothers employees who had stock in the company of lost virtually all the value of those investments, but lucky for me I have a sep ira which doesn’t invest in the actual company (which is mine, which is the whole point of a sep) but is like a 401k plan that is invested in mutual funds and so forth.
