Here we go again… Tuesday, July 29, 2008
Posted by ei-forum in US Traded Stocks.trackback
Despite John Thain insisting that the latest round of write-downs was the last, Merrill Lynch is at it again!
They have announced that they would sell a big part of their toxic asset-backed securities and issue new stock to raise another $8.5 billion. When will this end?
Once again, questions are being raised about how many of these brokerages and banks will be around in 24-36 months time…
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