{"id":587,"date":"2009-01-16T17:03:19","date_gmt":"2009-01-16T15:03:19","guid":{"rendered":"http:\/\/www.ofcourseimright.com\/?p=587"},"modified":"2009-01-16T17:03:19","modified_gmt":"2009-01-16T15:03:19","slug":"update-bofa-now-we-know","status":"publish","type":"post","link":"https:\/\/ofcourseimright.com\/?p=587","title":{"rendered":"Update: BofA: Now We Know!"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-395\" style=\"border: 0pt none; margin-left: 4px; margin-right: 4px;\" title=\"Central Bankers\" src=\"http:\/\/www.ofcourseimright.com\/blog\/wp-content\/uploads\/2008\/09\/bernenke.jpg\" alt=\"Central Bankers\" width=\"132\" height=\"97\" \/>Some time ago we <a href=\"http:\/\/www.ofcourseimright.com\/?p=394\">discussed<\/a> Bank of America purchasing Merrill Lynch, and the question on the table was whether BofA had gotten a bargain or a headache.\u00a0 Today we know they got a headache, and they were encouraged to acquire that headache by the federal government, according to today&#8217;s <a href=\"http:\/\/www.marketplace.org\">Market Place Morning Report<\/a>, where they mention the logic behind BofA also receiving an addition $20 billion.\u00a0 Is this the extent of ML&#8217;s exposure?\u00a0 Well that we still don&#8217;t know.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some time ago we discussed Bank of America purchasing Merrill Lynch, and the question on the table was whether BofA had gotten a bargain or a headache.\u00a0 Today we know they got a headache, and they were encouraged to acquire that headache by the federal government, according to today&#8217;s Market Place Morning Report, where they &hellip; <a href=\"https:\/\/ofcourseimright.com\/?p=587\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Update: BofA: Now We Know!&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-587","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=\/wp\/v2\/posts\/587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=587"}],"version-history":[{"count":4,"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=\/wp\/v2\/posts\/587\/revisions"}],"predecessor-version":[{"id":591,"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=\/wp\/v2\/posts\/587\/revisions\/591"}],"wp:attachment":[{"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofcourseimright.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}