Acronym

Crap Marketing Campaign of the Day, Merrill Lynch Edition

There is a lot of talent at Merrill Lynch and I feel that the remaining advisers have the opportunity to do right by their clients. I don't know much about Bank of America but I can say that they have acquired a great deal of wisdom. I feel they should adopt more of a venture capitalist business model. Where they maintain stricter than the average compliance practices and reward the brokers for honest client oriented business. It would mean weening some brokers off the old system of buying/selling based on what is popular and instead forcing them to hold true to each brokers stated investment discipline and their client's wishes. Let's be serious, outside of forecasted returns, what broker was savvy enough to have sub prime derivatives as a part of their investment arsenal.