tag:blogger.com,1999:blog-3782644139927778760.post-61384644789267065602007-10-28T12:39:00.000-04:002007-10-28T12:39:00.000-04:002007-10-28T12:39:00.000-04:00"Merrill is in rough shape, and it has a lot to do with O’Neil’s own folly and lack of sound risk management policy."<BR/><BR/>I think all of the American IBs are in bad shape, once their losses become fully accounted. So it's not particularly O'Neil's folly; he's just the first to smell the coffee.anoreply@blogger.com