http://www.nakedcapitalism.com/2008/07/merrill-posts-markedly-larger-than.html Mon, 23 Nov 2009 08:05:21 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.nakedcapitalism.com/2008/07/merrill-posts-markedly-larger-than.html#comment-11545 Richard Kline Fri, 18 Jul 2008 06:32:00 +0000 http://www.nakedcapitalism.com/2008/07/merrill-quarterly-loss-more-than-double-expectations/#comment-11545 From a surface perspective, this looks more like Merrill couldn't dump the gunk so it's shopping the hunks, 'cause a chunk of capital must be found to stuff in the widening hole. Desperate, in a word. Merrill and their $1T asset sheet may well be at the military crest of the last ridge above Port Moresby: any further retreat is into the sea. From a surface perspective, this looks more like Merrill couldn’t dump the gunk so it’s shopping the hunks, ’cause a chunk of capital must be found to stuff in the widening hole. Desperate, in a word. Merrill and their $1T asset sheet may well be at the military crest of the last ridge above Port Moresby: any further retreat is into the sea.

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