brij srivastava

Who's Failing Us With Bad Information?

Lift the corporate veil............check all the accounts of employess past and present.I hear that Mr.Prince gets a $40 million parting gift from the Citibank...thats what u call an icing on the cake.

Merrill Takes $5.5 Billion Write-Down

Sub-prime lending went on unabated for long.No body checked the damage it could pose until it raised its ugly head up.This whole business was so corporatised that no one was willing to blow the whistle.....as everyone in it was well greased to let it go on.....after all it was the depositors money that was being blown ruthlessly.Now shareholders are bearing the brunt.