What’s $34 Billion on Wall Street?
By LANDON THOMAS Jr.
Published: January 27, 2008
UNDER the stewardship of Dow Kim and Thomas G. Maheras, Merrill Lynch and Citigroup built positions in subprime-related securities that led to $34 billion in write-downs last year. The debacle cost chief executives their jobs and brought two of the world’s premier financial institutions to their knees.
LinkHere
Published: January 27, 2008
UNDER the stewardship of Dow Kim and Thomas G. Maheras, Merrill Lynch and Citigroup built positions in subprime-related securities that led to $34 billion in write-downs last year. The debacle cost chief executives their jobs and brought two of the world’s premier financial institutions to their knees.
LinkHere
posted by Kangaroo Brisbane Australia at 12:44 AM
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