stockdoc06

Merrill Cleanses Itself... We Think

Agreed. The real story is the 75% financing. Lone Star has ~2000% upside (maybe a fraction will ever be realized) and downside is limited. MER would only engage in such a 1 sided transaction if things are much worse than they are letting on. What do the rest of the Wall Steet balance sheets look like if their CDO's are worth $.045/$1