General Electric corporation purchases Kidder Peabody (investment) bank for 600,000,000 “dollars.”
NOTE: The disappearance of KP caused barely a blip in the stock markets.
[added 12/9/2022]
Subsequent Events:
References:
“Wall St. Banks: Failure Should Be an Option,” Orange County (California) Register, 21 July 2008, Local:6,
Kidder, Peabody & Co. – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Kidder,_Peabody_&_Co.
Kidder, Peabody & Co.
english.ufl.edu/~apease/AML2410/.TYLER/KidderPeabody.html
G.E. GAINS KIDDER FOR $600 MILLION – Free Preview- The New York Times
www.nytimes.com/1986/04/25/business/ge-gains-kidder-for-6/00-million.html
Current U.s. National Debt:
