Monday, July 28, 2008

The Debts of the Spenders: Quotes from a Lying CEO

Merrill Lynch's CEO, John Thain, recently insisted that his company's capital position was adequate - even in the face of a 20% shareholder dilution and missing the Street's already lowered estimates by a mile. Really? Here are a selection of quotes that he made to the same effect over a period of 18 months. You be the judge.

http://www.reuters.com/article/marketsNews/idINN2824127720080729?rpc=44
Posted by In Debt We Trust at 11:01 PM

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