• $220 is "equivalent to the gross domestic product of Greece."
• "Twice ABN's entire market value."
• "Ten times the $21 billion LaSalle price tag"
• Enough money to make 656 Spider-man sequels at current market price.
—MEGHANN MARCO
BoA threatens ABN with $220bn lawsuit over LaSalle [Times of London]
(Photo: Nick d)
PREVIOUSLY: Bank of America Buys LaSalle Bank, Becomes Biggest Bank In Chicago
Bank of America May Not Get LaSalle Bank After All
Depends on whose acquisition occurs first. I would imagine it would be easier for European banks to buy another European bank than for an American bank, especially BoA, to buy an American branh of a European bank.
I think the buyout would get cancelled if ABN Amro is bought first, then the new owners tell BoA that the deals off.
]]>I have the same issue. I honestly think at that level it's imaginary money. There are no goods here wither $220 billion that people are going to consume. There's no food. No clothes. No necessities of life. It's imaginary stock-market numbers that never actually come to exist in reality because nobody ever insists they be worth an actual thing -- just worth what we've all agreed floating currencies are worth.
This makes me nervous when I think about it too hard.
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When they said $8 dollars, i told them to go to hell and give me my 50 euros back.
Western union really....isnt good for anything other than wiring money and telegram....and they cancelled the telegram portion...
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Huh, I always thought some country other than Greece was the poorest in the world. But, $220 is an awfully small GDP...
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