But whatever you do, don't call it a rescue fund or critical cash injection or bailout or anything like that. They assure us that it's only a few bucks from China or the Middle East that are needed to bolster their reserves and in no way should be considered a bailout or sign of their incompetence with billions of dollars. No sir, not at all.
Wall Street keeps telling customers that sure, they've lost some money but everything is OK. They have plenty of cash on hand and can withstand such horrendous losses but moves like this say otherwise.
Tuesday, January 01, 2008
Merrill Lynch seeking a few billion more
by
Chris in Paris
on
1/01/2008 06:01:00 PM
More posts about:
Wall Street
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