In going through the financial news stories on various sites tonight, this one from the NY Times struck me as particularly insightful. Lets see what they have to say about the state of the financial institutions…. The story starts with this: Somehow, $4.4 billion just evaporated at Merrill Lynch. Less than two weeks ago, Merrill [...]
Filed under: Economy | Tagged: Bank of America, CDO's, Citigroup, financial stocks, kitchen sink, Merrill Lynch, sub prime, writedowns | Leave a Comment »