Say what?!?

[gerisullivan]

My lack of financial awareness is about to really show. I had no idea that that New York Stock Exchange was something that could be sold or acquired.

Yet it's not April 1st. The breaking news headline on CNN International reads:

"New York Stock Exchange to be bought by IntercontinentalExchange for $8.2 billion."

Toddling off to get more educated....

Comments

[thinkum]

It's a weird old world, isn't it? Sort of makes me long for the days of bartering goods in the local marketplace...

[drplokta]

Generally speaking, someone owns the local marketplace as well, and charges traders to set up their stalls. Same principle.

[fredcritter.livejournal.com]

Except when we set up the local marketplace in the commons. Oh. Wait. They own that now too, don't They? What a tragedy.

[quadong.livejournal.com]

Does it just mean the building?

[bschilli.livejournal.com]

It means the corporation. The Intercontinental Exchange is another corporation.

[lauriemann.livejournal.com]

Almost anything can be bought or sold. Especially the government...;-