2008-09-17thestreet.com

``The obvious question is the timing. Why didn't Bank of America wait a day? Clearly Merrill Lynch would have fallen with the market on Monday, and BofA could have offered the same 50% premium on a much lower price. Bank of America CEO Ken Lewis implied that the deal may not have been there 24 hours later, noting the potential for other suitors to come in with bids. I'm not sure who else could pony up tens of billions of dollars to take on risk that might not be quantifiable.''



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