discov

Lynching Merrill: Is It Murder or Suicide?

Yeah, MER, C, WB, WM, LEH, and MS all are extremely levered still. Sentiment has improved in the market in general, unfortunately realistic bank balance sheets and earnings were not the reason.

I am buying puts out in Jan, Feb, and MAR 09. Mostly because if these banks survive this coming few months, they won't survive their yearly audit.

That is my thesis, we'll see if it's right,
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Ryan