I bet it does, does the fact ive been working in internal finance for a MNC...thats multi national corporation mean anything to you?
not really. If anything, the fact that you work for Merrill Lynch makes you even LESS credible in my eyes, ...if such a think is even possible. Weren't they the ones responsible for Orange County CA having to declare bankruptcy in the early 90's? Didn't they sell the county treasurer a bunch of toxic worthless paper? ...then rush to settle for hundreds of millions before the lawsuit went before a judge? And weren't Merril Lynch executives the only ones that were ever convicted for accounting fraud during the Enron investigations?
Hey Im not going to make fun of you making money...just dont act like you have an inkling of an idea of what youre talking about you dumb ass!!!
I wouldn't brag too loudly about working for Merril Lynch if i were you.
Sorry Tony, I don't take advice from people who've notoriously
MISmanaged million or billions of dollars of
'other people's money'.
I prefer to take advice from people who manage millions or billions of dollars of
their own money!People like Robert Kiyosaki, Marc Faber, or even the Arab prince who shall remain nameless who sought me out to join my business, so he could put his money into GOLD.
so you dont know how to calculate GDP??? CHECK!!!
Only in 'The world according to YOU'
you didnt know that the US dollar has appreciated against the POS canadian Dollar...CHECK!!!
I don't see a few fractions of a penny increase over a few days, as anything compared to the overall steady 42% loss over the past few years. I'm not a speculative day trader. I'm not looking to time the market and jump in & out of trades every few minutes, or hours of the day. Mine is a dollar cost averaging approach of buying & holding over the long term. Using Gold as a store of value.
you are a POS snake oil sales women who has a tenious grasp on international finance and managing risk???
FUCKING CHECK, YOU MORON!!!
A tenious grasp? I'll assume you mean't "tenuous grasp on international finance and managing risk"
That's ironic considering Merril Lynch lost close to $52 billion in the year prior to the 2008 crash, and could only get sold to Bank of America in a shotgun wedding.
How did all those worthless CDOs work out for them? Managing risk indeed
I think you might want to discover a bit more about the company you work for.
ISBN: 9780307717863
Book Description
Publication Date: November 2, 2010
The intimate, fly-on-the wall tale of the decline and fall of an America icon With one notable exception, the firms that make up what we know as Wall Street have always been part of an inbred, insular culture that most people only vaguely understand. The exception was Merrill Lynch, a firm that revolutionized the stock market by bringing Wall Street to Main Street, setting up offices in far-flung cities and towns long ignored by the giants of finance. With its “thundering herd” of financial advisers, perhaps no other business, whether in financial services or elsewhere, so epitomized the American spirit. Merrill Lynch was not only “bullish on America,” it was a big reason why so many average Americans were able to grow wealthy by investing in the stock market.
Merrill Lynch was an icon. Its sudden decline, collapse, and sale to Bank of America was a shock. How did it happen? Why did it happen? And what does this story of greed, hubris, and incompetence tell us about the culture of Wall Street that continues to this day even though it came close to destroying the American economy? A culture in which the CEO of a firm losing $28 billion pushes hard to be paid a $25 million bonus. A culture in which two Merrill Lynch executives are guaranteed bonuses of $30 million and $40 million for four months’ work, even while the firm is struggling to reduce its losses by firing thousands of employees.
Based on unparalleled sources at both Merrill Lynch and Bank of America, Greg Farrell’s Crash of the Titans is a Shakespearean saga of three flawed masters of the universe. E. Stanley O’Neal, whose inspiring rise from the segregated South to the corner office of Merrill Lynch—where he engineered a successful turnaround—was undone by his belief that a smooth-talking salesman could handle one of the most difficult jobs on Wall Street. Because he enjoyed O’Neal’s support, this executive was allowed to build up an astonishing $30 billion position in CDOs on the firm’s balance sheet, at a time when all other Wall Street firms were desperately trying to exit the business. After O’Neal comes John Thain, the cerebral, MIT-educated technocrat whose rescue of the New York Stock Exchange earned him the nickname “Super Thain.” He was hired to save Merrill Lynch in late 2007, but his belief that the markets would rebound led him to underestimate the depth of Merrill’s problems. Finally, we meet Bank of America CEO Ken Lewis, a street fighter raised barely above the poverty line in rural Georgia, whose “my way or the highway” management style suffers fools more easily than potential rivals, and who made a $50 billion commitment over a September weekend to buy a business he really didn’t understand, thus jeopardizing his own institution.
The merger itself turns out to be a bizarre combination of cultures that blend like oil and water, where slick Wall Street bankers suddenly find themselves reporting to a cast of characters straight out of the Beverly Hillbillies. BofA’s inbred culture, which perceived New York banks its enemies, was based on loyalty and a good-ol’-boy network in which competence played second fiddle to blind obedience.
Crash of the Titans is a financial thriller that puts you in the theater as the historic events of the financial crisis unfold and people responsible for billion of dollars of other people’s money gamble recklessly to enhance their power and their paychecks or to save their own skins. Its wealth of never-before-revealed information and focus on two icons of corporate America make it the book that puts together all the pieces of the Wall Street disaster.************************************************* end of description
MAKE YOUR MONEY HONEY, just dont come on here or anywhere in ear shot of me or anyone with an understanding of what youre talking about and act like you have any idea of what the deal is...DUMB ASS!!!
Oh I'll make my money all right, but it won't be the way your company does it, by selling people worthless paper trash. I make my money by exchanging worthless fiat paper into a solid real asset. Thanks to companies like the one you work for, the entire world is on the brink of a collapse because they took people's hard earned money, and turned it into worthless paper. Well I'm taking that worthless paper, and turning it back into GOLD, and sharing info with others how they too can do the same.
I think enough has been said. Let's just say we don't agree.And that's perfectly fine.
You seem to think fiat paper currency & paper derivatives are the way to go... while I believe GOLD is King.
