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So, apparently, when Morgan Stanley agreed to advise the the Treasury Department about rescuing Fannie Mae and Freddie Mac, the investment bank agreed to give up "any involvement it has had advising Fannie and Freddie as part of this new assignment."
That had to be a tough call, huh?
Posted by guest, Aug 06, 2008 5:13PM
Forget MS. What exactly is going on with MER? Anybody see "Merrill's Picked Pockets" from CNNMoney: .
So MER invested $30M back in 1985 and gets $110M in 2008. That's roughly 12% per year for 23 years. Not bad. But still. I know they'll get more but the story says MER is financing 98% of the deal!??
They get paid $4.43B in 10 year and 15 year treasury notes!?? Ouch, with the decline of the dollar in the next 15 years, will $4.43B be worth closer to $2B?
Bloomberg is the smartest guy on the planet. MER continues to be retarded. I bet Bloomberg will be in business in 15 years. Can't say the same for Thain or MER.
Posted by guest, Aug 06, 2008 5:15PM
Its official, the world has gone to hell.
Timothy sykes just made my annual income in a month through a blog......
http://www.timothysykes.com/admin/2008/08/06/suck-on-this-john-chow-my-blog-made-45000-last-month/
Posted by guest, Aug 06, 2008 6:34PM
Anyone note or care about the losses Freddie Mac announced today? Oops, I did it again ... to the tune of $800 million plus. Thank God for that U.S. guarantee!
Posted by Anal_yst, Aug 06, 2008 7:38PM
@6
How has he shown up all the BB "punks"? Tim is doing well, good for him, but its apples to oranges my friend. Stop being so spiteful, its not good for ya'
Posted by Lowly Assistant, Aug 07, 2008 12:01AM
@8, time is of the essence, my friend. Time is of the essence.
-attention-to-detail fuckface.
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Posted by guest, Aug 06, 2008 5:10PM
Forget MS. What exactly is going on with MER? Anybody see "Merrill's Picked Pockets" from CNNMoney: .
So MER invested $30M back in 1985 and gets $110M in 2008. That's roughly 12% per year for 23 years. Not bad. But still. I know they'll get more but the story says are financing 98% of the deal!??
They get paid $4.43B in 10 year and 15 year treasury notes!?? Ouch, with the decline of the dollar in the next 15 years, will $4.43B be worth closer to $2B.
Bloomberg is the smartest guy on the planet. MER continues to be retarded. I bet Bloomberg will be in business in 15 years. Can't say the same for Thain or MER.