Interesting, us "pitchfork carriers" knew better than the Wall St. hotshots to pull out of the market well in advance. Wonder what you'd call the carnage before us - a testament to Wall Street's genius? How does it feel to be the butt of jokes for Chinese of all the people, and getting lectured by their leaders on fiscal/monetary policy?
Sorry, you can't paint a lipstick of any shade on this p/g called Merrill Lynch and make it look seksy! Your assertion that there was "... still a market for the debt that remained on Merrill's books" makes them look even more incompetent and the situation at that time laughable - they basically didn't know their a$$ from a h0le in the ground!
About Merrill Lynch
Read the Article at HuffingtonPost
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