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.