“So Merrill Lynch has launched its first campaign in years to advertise the accomplishments of its investment banking business. The ads feature things like Merrill's recapitalization of Sierra Pacific. I guess including "helping Enron achieve its earnings goals in 1999" might be a little awkward given that Merrill Lynch bankers are currently on trial in Houston for that "accomplishment."” YearsFirstsLittlesHelpingMightGivenGoalAchieveInvestmentIncludingCampaignsTrialsFeaturesAccomplishmentAdsAwkwardEarningBankingBankersPacificHoustonSierraEnronInvestment Banking Author:Bethany McLean
“The last and most painful irony is that the two longtime rival armies in the securitization market - the investment banks and the GSEs - would end up magnifying each other's sins rather than keeping each other in check.” TwoEndsLastsSinCapitalismArmyInvestmentPainfulChecksIronyRivalsMagnifying Book:All the Devils Are Here: The Hidden History of the Financial Crisis Source: All the Devils Are Here: The Hidden History of the Financial Crisis
