• 31 Jul 2008 at 12:05 PM

F THAT. Now More Than Ever Is The Time To Ramp Up The Expenses, My Friend

By Bess Levin

Here’s a copy of the formal complaint from the Massachusetts Secretary of the Commonwealth charging Merrill Lynch with fraud in pushing auction rate securities as sweet deals even though the dealers knew that wasn’t exactly the case. We haven’t slogged through the eighty pages yet, but here’s something you might like, from p. 7:

As one executive confided to a personal acquaintance in an email on November 19, 2007: “Market is collapsing. No more $2k dinners at CRU!! The Financials are being invicerated! (sic). More firings over at Citi…Inventory flooding the street. Going to be a great ’08 trading environment.”

Merrill Complaint [Office of the Secretary of the Commonwealth]

Comments (24)

  1. 1
    Posted by guest | July 31, 2008 at 12:23 PM

    there are still people dumb enough to use work email for personal comments like this? wtf?

  2. 2
    Posted by guest | July 31, 2008 at 12:27 PM

    pretty sure you meant “sweet deal”, bess. But I suppose it actually was a “sweat deal”, just like those toes mentioned yesterday

  3. 3
    Posted by guest | July 31, 2008 at 12:31 PM

    great work finding that typo, 12:27. hey, is your dick bigger now b/c of it?

  4. 4
    Posted by girl | July 31, 2008 at 12:35 PM

    I always walk by that place and want to try it – now I won’t for fear that this guy’s stress levels will run off on me.
    Thanks bitch.

  5. 5
    Posted by guest | July 31, 2008 at 12:36 PM

    “Invicerated”, haha! I love it when people use expressions they don’t even understand. Kind of like the morons that keep repeating “I could care less…”

  6. 6
    Posted by guest | July 31, 2008 at 12:55 PM

    irregardless…

  7. 7
    Posted by guest | July 31, 2008 at 1:05 PM

    UNCONFIRMED RUMOR: Shake Shack putting Fannie & Freddie on its balance sheet

  8. 8
    Posted by guest | July 31, 2008 at 1:06 PM

    or literally…when they actually do mean figuratively
    those people need to get orientated properly

  9. 9
    Posted by HAM05 | July 31, 2008 at 1:26 PM

    @8 – orienteering was an actual term used by tour guides back at school
    they were deuchebags

  10. 10
    Posted by guest | July 31, 2008 at 1:27 PM

    ………….or thos who use ‘allude’ when they had actaully referred or mentioned.

  11. 11
    Posted by guest | July 31, 2008 at 1:31 PM

    DB is censoring comments.

  12. 12
    Posted by guest | July 31, 2008 at 1:34 PM

    that have the word ‘mayo’ because THEY’RE ANNOYING AS SHIT YOU FUCKING DOUCHEBAGS!

  13. 13
    Posted by guest | July 31, 2008 at 1:36 PM

    DB, could you please explaine your new comment editing policy?
    That would save some people from posting and then being pissed off

  14. 14
    Posted by guest | July 31, 2008 at 1:37 PM

    someone has high cholesterol #12

  15. 15
    Posted by guest | July 31, 2008 at 1:38 PM

    the new commenting policy is don’t post inane, retarded posts mentioning ‘mayo’ for no fucking reason.

  16. 16
    Posted by guest | July 31, 2008 at 1:42 PM

    hey # 12, looks like your mad, whats the matter? Are you mayo-phobic? or did you just not get enough attention when you were a little girl.

  17. 17
    Posted by guest | July 31, 2008 at 1:44 PM

    seriously, 16, who thinks it’s funny to ruin threads by posting mayo literally all day, fuck off.

  18. 18
    Posted by guest | July 31, 2008 at 1:48 PM

    perfect length, read

  19. 19
    Posted by guest | July 31, 2008 at 2:46 PM

    …or peruse thinking it means to lightly glance over, rather than what it really means, which is to read thoroughly…
    “I perused this document, but didn’t have a chance to look at it in depth…”
    wtf?

  20. 20
    Posted by guest | July 31, 2008 at 3:30 PM

    the trend of saying your seaking “to” somthing …rather than “about” something
    so kitch

  21. 21
    Posted by guest | July 31, 2008 at 3:32 PM

    *speaking

  22. 22
    Posted by guest | July 31, 2008 at 3:35 PM

    @20. It’s kitsch, dumbass.

  23. 23
    Posted by guest | July 31, 2008 at 3:40 PM

    *speaking

  24. 24
    Posted by guest | July 31, 2008 at 8:51 PM

    Merill is so broke, they gave many of its interns and new joiners someone else’s ID with their picture glued on.

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