PORTAL Finance Blog

Category Archives: Merrill Lynch

Thain did not understand Merrill Lynch’s Risks!

Another day and another bombshell in the U.S. world of finance.  John Thain, former CEO of Merrill Lynch, and a highly-regarded career finance executive, admitted that he did not understand the risks that Merrill Lynch was taking. So, let’s get … Continue reading →

October 7, 2009 at 6:52 pm | AIG, Federal Reserve Bank, Financial, Investing, Merrill Lynch, Real Estate, TARP

Bank Plan released by Geithner with light details and no timeline

Poor Tim Geithner. In a weird way, I feel sorry for the guy. In September 2008, he is enjoying his powerful position presiding over the Federal Reserve Bank of New York. At that time, the media reported that Geithner played … Continue reading →

February 11, 2009 at 9:49 pm | Federal Reserve Bank, Financial, Investing, Merrill Lynch

The Lessons of Lehman Brothers and Merrill Lynch – posted on September 15, 2008

It’s tough to believe that it is almost six months to the day that I wrote the original message below to all of you. Today’s news brings the sad story of a 158-year old icon of American business filing liquidation … Continue reading →

February 10, 2009 at 2:39 am | Fannie Mae, Federal Reserve Bank, Financial, Investing, Lehman Brothers, Merrill Lynch, Real Estate