jk999

Merrill CDO Deal: How Can It Book a 'Sale'?

I understand what they did however convoluted and I admit this is a good attempt to rid themselves of the albatross around there corporate neck. But how much this junk is left in the basement and is this the first of many such deals for them? I'm sure John Thain is back out there saying this is it and Merrill doesn't need anymore capital. Yeah sure it is.