merrill lynch will be the next enron = worse economy for usa
 

merrill lynch will be the next enron = worse economy for usa

TOP executives at Merrill Lynch have or will resign!!!

WTF - are us Americans that fuckin greedy, I mean the shit will hit the fan with something like 12 billion per company and merrill lynch will take down another player, expect another 12 billion on top of that just to start the chain effect...

:Oh crap

Meanwhile, in an indicator of the tensions surrounding the financial sector, an analyst, who on Thursday prompted a $369 billion (£177 billion) plunge in the value of US shares by issuing a negative note on Citigroup, said that she had received several death threats from investors in the bank. Meredith Whitney, a CIBC analyst, had prompted a near-7 per cent drop in Citigroup?s shares on Thursday after suggesting that the bank needed to raise more than $30 billion to restore its capital cushion.

Mr Prince, the chairman and chief executive of Citigroup, has faced repeated calls for his resignation in the face of weak profits, a flagging share price and a $6.5 billion third-quarter writedown, which resulted in a 57 per cent decline in profits. He cancelled a key speech in Japan tomorrow only hours before details of the meeting emerged.



i'm sure several others will fall, like Citigroup

btw merrill lynch was named and paid finds for the enron deal...

I believe that when a company 'hide's assets' on the books and hedges the assets on investments or future investments this 'should' be disclosed to investors. instead the investors see what the company wants them to see and not the whole picture.

that is what happened to enron and now merrill lynch soon Citigroup.


;

The whole stock market is nothing but a sham anymore. They are nothing but criminals but they get away with it because they have white collars.

Wall St. ...... aren't they the investment banks that marketed sub-prime money to normally unqualified home owners, repackaged then sold them to investors and pension funds worldwide? ... Those guys?

Three words.. "Mark To Market"

Its time for these companies to stop calling shit a rose and reveal how deep in toxic paper they really are. This current ponzi scheme will only last so long before the market rolls over hard.

Gosh, I hope not.

:(

I'll never do business with any of the brokerages who were caught screwing small investors a few years back by allowing big boys to trade after hours.

Merill was one of those brokerages.

ML screwed my folks out of 100K with some really bad investments shortly after 9/11. They have since pulled all their funds out of the market.

Yeah those guys... need lots of :helpme to get out of the shit that will fall on them over the next couple wks... some will take their own life while others will take on jail. I'm sure we will see some people that die with a knife in the back and gets ruled a suicide... :1orglaugh:1orglaugh


"mark to market" = :error pay me now on future earnings... :1orglaugh

The market will roll over hard to make adjustments when merrill lynch and Citigroup are no longer...:warning :warning

:warning