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Emerald's
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Bookkeeping aside, it's not a sale when you finance 75% of it. No third party lender analysis. More smoke and mirrors and wishful thinking. Getting 5 cents and a hope note is just that. Ok, Mother Merrill had to do a deal to change perceptions of their toxic sludge, but Citi and others should not leave the upside in this junk to vulture funds. If they can hang on, the upside, even if its only 20 cents, belongs to their shareholders. The Fed has extended the life line, so the other banks should play for time.
Jul 31 12:46 pm
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All Comments by Emerald »How Can Both Merrill Lynch and the Other Banks Rally? [View article]