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

Posted by Bess Levin, Jul 31, 2008, 12:05pm

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]

2Recommend this! 24Comments

Tags: $2000 dinners, ARS, Auction Rate Securities, Merrill Lynch

Comments

1

Posted by guest, Jul 31, 2008 12:23PM

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

2

Posted by guest, Jul 31, 2008 12:27PM

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

3

Posted by guest, Jul 31, 2008 12:31PM

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

4

Posted by girl, Jul 31, 2008 12:35PM

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

Posted by guest, Jul 31, 2008 12:36PM

"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

Posted by guest, Jul 31, 2008 12:55PM

irregardless...

7

Posted by guest, Jul 31, 2008 1:05PM

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

8

Posted by guest, Jul 31, 2008 1:06PM

or literally...when they actually do mean figuratively

those people need to get orientated properly

9

Posted by HAM05, Jul 31, 2008 1:26PM

@8 - orienteering was an actual term used by tour guides back at school

they were deuchebags

10

Posted by guest, Jul 31, 2008 1:27PM

.............or thos who use 'allude' when they had actaully referred or mentioned.

11

Posted by guest, Jul 31, 2008 1:31PM

DB is censoring comments.

12

Posted by guest, Jul 31, 2008 1:34PM

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

13

Posted by guest, Jul 31, 2008 1:36PM

DB, could you please explaine your new comment editing policy?

That would save some people from posting and then being pissed off

14

Posted by guest, Jul 31, 2008 1:37PM

someone has high cholesterol #12

15

Posted by guest, Jul 31, 2008 1:38PM

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

16

Posted by guest, Jul 31, 2008 1:42PM

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

Posted by guest, Jul 31, 2008 1:44PM

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

18

Posted by guest, Jul 31, 2008 1:48PM

perfect length, read

19

Posted by guest, Jul 31, 2008 2:46PM

...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

Posted by guest, Jul 31, 2008 3:30PM

the trend of saying your seaking "to" somthing ...rather than "about" something

so kitch

21

Posted by guest, Jul 31, 2008 3:32PM

*speaking

22

Posted by guest, Jul 31, 2008 3:35PM

@20. It's kitsch, dumbass.

23

Posted by guest, Jul 31, 2008 3:40PM

*speaking

24

Posted by guest, Jul 31, 2008 8:51PM

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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