Money really does make the world go round. If you were caught up in that gas frenzy this past weekend — you who you stood in line with tens of cars, waiting to pump gas before the prices went up any higher with Hurricane Ike’s approach — you know this to be true. And now, as if paying $5 a gallon isn’t scary enough, a huge headline splashed across the front of the Charlotte Observer today might make you question the stability of the nation’s economy: Bank of America to Buy Merrill for $50B.
OK, resist the urge to panic. David McPherson from ABC News has this story to help you breathe easier.
This article appears in Sep 9-16, 2008.
