Sunday, September 20, 2009

John Thain: Ikea Would Have Been A Better Choice For My Office Renovation

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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