No replies to this topic

[humble1]

merrill's thain and morgan's dimond and others are in the news saying all is well, come in the water. and, of course, Wall Street and the financial channels are pushing the dope to the dopes. these objective (right ! not !) CEO's of investment houses surely are being straight with us.

but, look at the 32/1 leverage (assets to equity) at year end of merrill !!!!! maybe it is a little lower now with the equity input but maybe not with write-offs past and future. think of that for a moment: 32 to 1 in a wild and dangerous credit market environmet.

no problem here, just move along.

here's a link:

http://safehaven.com/article-9988.htm

Edited by humble1, 17 April 2008 - 10:31 AM.