Merrill Lynch Videos at WCBS 880 Video Archive at wcbs880.com

3 Oct 2008

Bloomberg: Economy Woes Could Last Years

Concerns over the future of the U.S. economy prompts New York Mayor Michael Bloomberg to warn of "tough couple of years."

"… US economy in New York City. One woman whose husband works for Merrill Lynch says she's noticed the trend in front of her own building here on Wall Street. …" at 1:30

1 Spoken Highlight

2:16

19 Sep 2008

TGIF: Recapping Wall Street's Wild Week

Wall Street ends a crazy week of ups and downs amid historic financial bailouts.

"… are you know coming to stay there you know -- everybody inside Merrill Lynch headquarters steps from ground zero workers were shell shocked as well. -- deal hammered out with breathtaking swiftness Merrill agreed to be …" at 0:50

1 Spoken Highlight

2:59

16 Sep 2008

Fed Meets Today About Interest Rates

The Federal Reserve meets to discuss interest rate policy, after a terrible day on Wall Street Monday. Stocks plunged on news that investment bank Lehman Brothers filed for bankruptcy and Bank of America bought Merrill Lynch .

"… two like Condit Wall Street banks Lehman Brothers filed for bankruptcy and Merrill Lynch was sold to Bank of America. The long run confident that -- capital markets are flexible and resilient. Can deal with these …" at 0:20

"… I never once considered. Then it was appropriate to put taxpayer money on the line with what we it. …" at 0:48

2 Spoken Highlights

1:20

15 Sep 2008

Paulson: Lehman Bailout 'Never An Option'

Treasury Secretary Henry Paulson says he never thought it was appropriate to put taxpayer money at risk to resolve the problems of Lehman Brothers, the nation's fourth-largest investment bank.

"… But in the end Treasury Secretary Hank Paulson refused to use taxpayer money to support -- As an accident buyout of Bear Stearns and from Fannie Mae and Freddie Mac just last week the line …" at 0:41

"… I never once considered. Then it was appropriate to put taxpayer money on the line with a with -- with in resolving Lehman Brothers. …" at 0:55

"… Merrill Lynch the nation's biggest brokerage. Fearing it could be next agreed to be bought by Bank of America the American people can remained …" at 1:03

3 Spoken Highlights

1:37

15 Sep 2008

Wall St. Turmoil Called 'Uncharted Waters'

CNN reporter Carter Evans has the latest on the Wall Street banking crisis involving Lehman Brothers and Merrill Lynch .

"… Paulson decided. Not to step in and bail out bank with taxpayer money Lehman filed for chapter 11 early this morning listing more than. 600. Billion dollars worth of debt that it's a lot of money and it just could not get out from underneath that it. Now the Bank of America after backing away from a potential bid for Lehman Brothers over the weekend Bank of America. Agreed to by Merrill Lynch for about fifty billion dollars that's 29 dollars a share. And that ends nearly a century of independence for Merrill Lynch and it turns Bank of America in two. The biggest bank on the block now adding Merrill Lynch. Adds about 17000. Brokers and it makes Bank of America. One of the biggest broker dealers now on the planet a very large transaction Merrill Lynch today storied on that news up about 30% Bank of America not so much investors not happy about the bank taking on …" at 0:43

1 Spoken Highlight

2:06

15 Sep 2008