OFFLINE

The New York Stock Exchange, that icon of America's financial system, will have a new owner. Deutsche Boerse, the German exchange based in Frankfurt, will take over a company that is synonymous with Wall Street, to create the world's largest financial markets company — more than $20 trillion in annual trading. The boards of both exchange owners have signed off on the deal, but it must still be approved by shareholders and regulators.

Mayor Michael Bloomberg said that new company, with a co-headquarters office in Manhattan, "reaffirms the central position that New York continues to play in the international financial system."

New York Senator Charles Schumer also supports the deal, whereby the German exchange will control 60 percent of the new company. But on CNBC today, he expressed one concern. He wants "New York" to come first in the name of the new company. "There are lots of good things with this deal for New York, for the markets, and for our country," he said. "But the name is important and will be indicative of where it goes, so I'm withholding judgment."

these two assholes are full of it. they have no problem with another piece of america being sold off, so long new york is named first. what a friggin crock!

OFFLINE

Don MxClean needs to rewrite the words to American Pie...........

bye, bye American life.

I wonder what they will call "America" when it ceases to exist?